Independent Women’s Voice asked women to share on social media how tax reform had affected them, and many women did. Their stories ought to be told.
Perhaps the most dramatic advance for school choice in 2017 was accomplished through the federal child tax credit expansion. It illuminates needed improvements to parent choice.
The Tax Cuts and Jobs Act cuts rates for most tax brackets, substantially reduces business taxes, increases the standard deduction, and eliminates many tax loopholes and deductions.
Republicans produced bills that would entrench current law: financially rewarding foreign aliens who come to the United States illegally and have children to help them remain here.
Speaker Paul Ryan promised the House bill would mean ‘bigger paychecks’ for American workers, but some payments are coming straight from another taxpayer’s pocket.
To bring home a win, the White House and Congress need tax reform. To pass tax reform, they need to ensure middle-class families will meaningfully benefit.
Congress can take two major steps to encourage school choice in lieu of this ineffective 529 expansion: dramatically cut its meddling in education, and dramatically increase the federal child tax credit.
Rand Paul is the real reform conservative, while the self-proclaimed reformers just keep tweaking at the margins of disaster.
True conservative reform should focus on limiting government, not shaping the polity or only defending one version of the American dream.
Good intentions aside, Sen. Mike Lee’s idea of expanding the child tax credit is far from an ideal supply-side, or even conservative, tax policy.
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