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Treasury puts $26 billion price on federal education tax credit

Original: New federal education tax credit could cost $26 billion by 2030, Treasury says

The Treasury Department estimates that a new federal education tax credit could cost $26 billion by 2030. The figure gives the first concrete price tag for the program, which allows contributions toward private school scholarships in exchange for tax credits. The estimate is likely to fuel debate over the program's fiscal impact and its effects on public school funding.

Why now: Treasury's new cost estimate is fresh news with budget and education policy implications.

US Treasury Departmentfederal education tax credit

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