Rush to equality neglects poor kids, students of color galioninquirer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from galioninquirer.com Daily Mail and Mail on Sunday newspapers.
While Indiana is expanding school choice eligibility from 37,000 to 48,000 students, Kansas is resisting even slight changes to existing school choice programs. A Wall Street Journal editorial congratulated Indiana “for its leadership in establishing one of America’s most ambitious school voucher programs.”
Following the pioneering leads of Arizona and Florida, Indiana legislators are giving students a fighting chance, and the results are remarkable.
Between 2011 and 2019, Indiana students’ reading proficiency improved by 12% in the fourth grade (from 33% proficient to 37%) and by 16% in the eighth grade (from 32% to 37%). Students in Arizona and Florida are seeing similar improvements.
Proficiency went backward in Kansas, declining by 6% for fourth-graders and by 9% for eighth-graders. Low-income students also had impressive gains in Arizona, Florida and Indiana, but Kansas students went backward.
Another Twist of the Knife: Introducing a New Death Tax
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May 1, 2021, 10:29 AM·28 min read
The devil is in the details, and while, when it comes to the Biden tax plan, Old Nick is not just lurking in the small print, one particular technical-sounding change proposed by the president is rightly attracting some attention: that is the plan to scrap the long-standing principle that if someone inherits an asset, his or her basis cost in that asset for capital-gains-tax purposes is not the price that the deceased may have paid for it (or its value when it came into the deceased’s ownership) but its market value at the time of the deceased’s death, a “break” that can be justified on grounds of basic fairness. That’s the case for various reasons, but one of the most obvious is that estate tax may well, in the case of the wealthiest, also be payable on what is left after the capital-gains tax has been paid.
Opinion: Look at Utah s Truth-in-Taxation for how Iowa could provide more effective property tax relief John Hendrickson
Property taxpayers in Iowa are frustrated. Taxpayers often blame assessors for high property tax bills, but it is government spending that results in high property taxes. Property taxes are also a form of wealth tax. For example, if the value of a home increased by 10%, it does not mean the property owner has a 10% increase in savings to cover their property tax.
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If the goal is to ensure all Iowans receive property tax relief, then the best approach is to strengthen the 2019 property tax transparency and accountability law by requiring a Utah-style Truth-in-Taxation process. Utah’s Truth-in-Taxation law not only provides accountability in transparency, but it is also based on the revenue side.