Democratic Senator Evan Bayh will co-sponsor the Teacher's Tax Relief Act-- a bill designed to give Hoosier teachers nearly $10 million dollars in tax-relief.
The act would allow the amount teachers deduct for school-supply expenses on their federal income taxes to increase from $250 to $400.
The National Education Association estimates that teachers spend an average of $450 out of pocket annually on classroom supplies and incidentals.
More than 63,000 Indiana teachers claimed the deduction in 2005 that equated to $15.5 million in tax relief. Bayh says by increasing the deduction, about $10 million in additional tax relief would be provided
Simply put, these are tax cuts that gain bipartisan approval and make sense for all of Indiana. Moreover Bayh's plan would help to resolve a fundamental crisis for the future of our country-- education.
"The quality and character of Indiana's teachers is reflected in the fact that so many dip into their own pockets, despite their modest salaries, to ensure their students have what they need to succeed in the classroom," Bayh said.
Bush wants to roll back taxes for the wealthiest of Americans, claiming that trickle down economics is the end all for economic success. Bayh on the other hand wants to cut taxes for teachers, who as he points out are in charge of educating the very people that will make up the future of our economy's workforce. Whose plan do you think makes the most sense?
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