Thanks to Republican Tax Relief, This Year’s National School Choice Week Comes with Expanded Educational Freedoms, Supports for Families

WASHINGTON, D.C. - As Americans across the country gather in observation of National School Choice Week, there is much to celebrate this year thanks to the Working Families Tax Cuts enacted by Congressional Republicans and President Trump. In addition to pro-family tax relief like an expanded and permanent Child Tax Credit, Republican-enacted tax reforms include provisions specifically targeted at providing parents and their kids with more educational opportunities and freedom of choice.

Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement:

"More choice and freedom are at the heart of the educational reforms included in the tax relief enacted by Republicans last year. The Working Families Tax Cuts increased the number of educational choices for families - including incentivizing investments in scholarships to support K-12 education for millions of working class Americans as well as efforts to continue helping employees repay student loans. We've expanded how 529 savings plans can be used to cover more needed expenses as well as supporting those individuals who choose a trade school or other alternative to a four-year college degree. The Republican party is the party of working class families and nowhere is that more evident than in our focus on supporting parents and children with the resources and the opportunity to choose an education that best fits their needs."

The Working Families Tax Cuts strengthened educational freedom and opportunity for American families:

• Millions of low-income students across America will be able to use billions of dollars in newly funded charity scholarships for K-12 education to attend schools and pay for expenses that best meet their educational needs, as determined by their parents.
• Newly expanded 529 accounts will provide key resources and financial flexibility for parents trying to give their children a better future.
• Individuals learning a blue-collar trade to get a good paying job will be eligible to use 529 accounts to pay for their educational expenses, just like four-year college students.
• Employees who receive loan repayment assistance from their employers will receive permanent and expanded tax benefits.
• Under the new Trump Accounts, the federal government will make a one-time contribution of $1,000 to a private investment account for each newborn American baby.

READ: Working Families Tax Cuts Put American Workers First