Last week, Gov. Kathy Hochul (D-NY) demonstrated political leadership in a time when it is scarce by announcing her intentions to opt New York into the new federal school choice tax credit.
With one decision, she has possibly empowered families and taxpayers in her state and provided a blueprint for other Democratic governors to follow.
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Beginning in the 2027 tax year, the FTCS will provide taxpayers with a nonrefundable federal income tax credit of up to $1,700 per year for qualified donations to scholarship-granting organizations. Those donations will fund K-12 scholarships, helping cover expenses such as tuition, tutoring, and supplies. All children whose families fall below 300% of their area’s median income are eligible, including those privately educated and those in public schools.
GOVERNORS SHOULD OPT INTO TRUMP SCHOOL CHOICE TAX CREDIT TO COMPLEMENT STATE PROGRAMS
About 64% of voters across demographic groups support the FTCS, according to polling released last September
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