New Tax Plan Makes It Easier to ‘Ed-Exit’
This week the House of Representatives will vote on a package of bills making the temporary tax cuts contained in last year’s tax reform bill permanent and making additional tax law changes. The bills will likely pass in the House, but will almost certainly be filibustered in the Senate if the Senate leadership tries to bring them to the floor.
The GOP tax plan does offset some of the damage caused by federal control of education by making it easier for parents to escape failing government schools or “edexit.” It accomplishes this by allowing money saved in a tax-free 529 education savings account to be used for homeschooling expenses.
This provision will help homeschooling families and inspire more families to consider homeschooling. Homeschooling parents must not only pay for all their children’s education expenses, they also must subsidize government schools via property taxes and other taxes. A commitment to homeschooling may also require a parent to limit or even forgo outside employment.
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