Bob Schaffer: “The proof is right here in Arizona. There are 6 States that have enacted tax credit plans that are similar to what we…”

“The proof is right here in Arizona. There are 6 States that have enacted tax credit plans that are similar to what we have proposed for the whole country, and they are tax credits on State taxes that taxpayers pay in those States. This is one study that was done by two researchers, Carrie Lips and Jennifer Jacoby, of the Arizona plan. It is the first plan and one we talk about a lot that has the greatest track record. Between 1998, its first year, and the year 2000, this tax credit in Arizona generated $32 million, Mr. Speaker, in new money for Arizona school children. Not only did it generate new money, these are dollars that did not come from the Arizona public schools.”