Opponents say the program is tilted to benefit private school students. Supporters say it has the potential to raise billions of dollars for students.
Accelerate is encouraged by the proposed rules Treasury and the IRS released today for the federal scholarship tax credit. But the rules still don’t define what eligible tutoring programs should look like.
The program provides a dollar-for-dollar credit of up to $1,700 for individuals.
But even though public school kids are eligible, some skeptics argue donations will ‘skew heavily’ toward wealthier communities.
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