Monday, April 03, 2006

A story of tax credits

Many of tomorrow's papers will carry this article from the Associated Press, but we bring it to you tonight:
In Albany last week, the Legislature considered Gov. George Pataki's proposal for a $500 education tax credit for moderate- and low-income families in poorly performing school districts. It could have been used for tutoring, SAT test preparation, or private school tuition and would have cost the state $400 million. By the end of the week it was passed into law as a $330 "child tax credit" for any purpose. There is no mention of education, and it will cost the state $200 million more.