CHAIRMAN SMITH ON TREASURY'S SCHOOL CHOICE ANNOUNCEMENT: REPUBLICANS ARE DELIVERING ON THE PROMISE OF LOWER COSTS, MORE EDUCATIONAL FREEDOM

WASHINGTON, Oct. 5 -- The House Ways & Means Committee Chairman issued the following news release:

WASHINGTON, D.C. - Families across America are one step closer to lower education costs and more choices for their children after the Treasury Department and IRS proposed rules to implement the Education Freedom Tax Credit. The credit was created by the Working Families Tax Cuts, which Republicans in Congress delivered alongside President Trump. Up to $1,700 per taxpayer can be claimed for contributions to K-12 scholarship organizations that provide resources to families in their communities who are seeking greater choices in their child's education. Thirty states have already opted into the program ahead of the credit's launch on January 1, ...