State income taxes

One refrain against 529 expansion comes from the public school teacher unions and the education complex at large, which incessantly claim that any school choice incentive or benefit somehow takes money from public education. The National Education Association, for example, speciously claimed that expanding 529s somehow would “hurt neighborhood public schools and students.” This zero-sum argument by the NEA and others is unfounded and bogus. … [Read more...] about The House has a plan that will expand income equality and education access — the Senate should follow suit

“With more than 40 million Americans out of work, it is unfair to send hard-earned taxpayer dollars to non-citizens who entered this country illegally. We need to prioritize the American people by making sure taxpayers are not subsidizing blue states' plans to give cash payments to illegal immigrants,” Buck said in a statement. … [Read more...] about GOP lawmakers push bill to stop states giving stimulus payments to illegal immigrants

Students who have fallen behind or have not connected well through a school’s distance learning program need more options. One would be to unlock privately funded 529 plans. In Michigan alone, many thousands of K-12 students have an account in their name. Federal lawmakers originally intended for these tax-exempt plans to help people save for college, but in 2017, Congress added private school tuition to the list of eligible expenses.  … [Read more...] about Schools and states must adjust to life after COVID-19

Part of the likely motive for this isn’t necessarily bad: Colleges and universities are often flush with cash, yet their prices continue to grow precipitously. Some legislators want to send the message that that is not okay, especially given that in one way or another hundreds-of-billions of those dollars come from Washington. … [Read more...] about Conservatives go against principles by meddling in education

The package included income tax cuts, liquidity injections for cash-strapped companies and government-backed bank loans. It also said it would bar foreign companies from competing in bidding for government contracts of up to $26 million to promote self-reliance and protectionist policies. … [Read more...] about India’s economic growth dips during coronavirus pandemic