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Cato Institute
Education Tax Credits Would Save States Billions
July 19th, 2008
Education tax credits -- programs that allow individuals to deduct education expenses from their tax liabilities, or corporations to do the same for donations to scholarship funds -- will save money for states that enact them, finds a new study from the Cato Institute. In "The Fiscal Impact of a Large-Scale Education Tax Credit System," Andrew Coulson, director of Cato's Center for Educational Freedom, and Ball State University economist Anca Cotet estimate the effect that model legislation for tax credits would have on the budgets of five different states. Accompanying the report is a generalized spreadsheet tool capable of calculating the fiscal impact of education...
Source: Law & Health Weekly (2008-07-19)
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