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Response to DaniDubois (Reply #17)

Sun Nov 18, 2012, 11:56 PM

29. Well, when the corporations give vouchers, they get huge tax breaks.

Broward private schools benefit from Florida vouchers, while public schools are strapped for funds.

The program allows corporations that make contributions deduct those gifts from their corporate income and insurance premium taxes. Economists expect the expansion would cost the state $31 million in lost taxes next year and as much as $228 million in future years although those losses would be offset somewhat because taxpayers would pay less for students in the program than if they were attending public schools.

..."Tax-credit vouchers are funded with corporate donations, but it's money that otherwise would have been paid in state taxes.
About 100 companies donated last year, including Walgreen Co., Burger King, ABC Liquors and Bankers Insurance Group. The average contribution is $1 million, East said.

Private schools that take vouchers must give students a standardized test not the FCAT but schools aren't graded and scores are released only for schools with at least 30 students.

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proud2BlibKansan Nov 2012 OP
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