One detail in FSTC proposed regs will reduce participation in public schools
Over the summer, Edunomics Lab predicted that, once up and at scale, the federal tax credit scholarship (FSTC) could generate some $1,000 per public school student. However, now that Treasury has released its long-awaited draft regulations, we’re downgrading that prediction. It all comes down to an onerous requirement that public school participants prove they are not super rich.