Because without the bill, as the law stands today, let us just assume Americans who pay taxes, they will be forced to just pay that $250 to the Federal Government. That is where that money will go without our bill. What we are saying is that if you make a $500 contribution to a school, to a school project or a scholarship fund, you take that $250 that you have given to a school and you no longer send that to Washington. So you are going to pay that money to somebody anyway. What we want to do is give you a choice. You can send the money to the bureaucracy here in Washington, let it go through the political process that we described here before, or you can add a little bit of your own cash to it and take it to the school down the street, which is reflected here on this chart. And you have effectively used the $250 that would have gone to the bureaucracy and instead, taken that, along with another $250 of your own cash, and given it to the kid who needs it.
Bob Schaffer: “Because without the bill, as the law stands today, let us just assume Americans who pay taxes, they will be forced to…”
Editor's note · Context
Discussing a bill related to tax contributions for educational funding.
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Yes, sure, the gentleman has described it accurately. Let us just use, for example, the base benefit amount that exists in this proposal, which is $250. That would be the tax benefit to an American taxpayer.
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