Corporate tax credits allow small and large firms to divert some of their tax bill to paying for scholarships for children in need to attend independent schools. In this way, they help parents (by making new options possible) and the state (by reducing its taxpayer-financed burdens) and most of all children (who are able to go to schools that are right for them).
So when a corporate tax credit program came up for renewal before the Florida House of Representatives, you’d expect there to be unanimous approval right? Well, with special interests involved, nothing is going to be unanimous.
Nevertheless, it was good to see the House passed the tax credit increase by a better than 2-to-1 margin. Congratulations, Floridians. On to the Senate!