An Education Reconciliation Agenda for the 119th Congress: 12 Reforms

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heritage.org

Lindsey Burke, PhD, Madison Marino Doan
The budget reconciliation process, introduced in 1974 as part of the Congressional Budget Act, functions as a supplementary tool to the annual budget process.REF Reconciliation involves two phases: First, the budget resolution outlines directives for designated committees to craft legislation that meets specified budgetary targets.REF In the second phase, this legislation, typically combined into a single omnibus bill, is processed under streamlined procedures in the House and Senate.REF

In the 119th Congress, lawmakers should use the budget reconciliation process to advance the following education reforms that right-size federal involvement in education and uphold accountability for taxpayer dollars.

K–12 Reforms

In order to right-size federal involvement in K–12 education, Congress should:

1. Make the Municipal Bond Exclusion Contingent on a State Implementing a Robust School Choice Law. States often issue municipal bonds in order to finance infrastructure projects such as building highways and public schools. These bonds are exempt from most taxes, including federal income taxes. Normally, bond markets require borrowers to pay a high enough interest rate to clear inflation and the tax burden on the interest income as well as paying some real rate of return. Whereas private entities must pay a high enough interest rate to clear all three components, states and municipalities must only clear inflation and a real rate of return. In this way, the tax-exempt status works as a subsidy, allowing states and municipalities to issue debt at much lower interest rates than private entities. Through municipals bonds, states can tap into these tax-advantaged debt securities to gain aid from the federal government to inappropriately out-compete private citizens and entities, such as prospective homebuyers, private schools, and other businesses for finite funding.

As a general matter, federal tax policy should strive toward simplicity, as few market distortions as possible, and low rates across the board. The municipal bond exclusion fails all three of these tests.  » Read More
https://www.heritage.org/education/report/education-reconciliation-agenda-the-119th-congress-12-reforms

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Notice of Compliance to California Residents: Your California Privacy Rights Under the California Online Privacy Protection Act and the California Business and Professions Code

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Depending on the visitor’s activity, in our commercial web site or online service, the following “personally identifiable information” may be collected, in addition to information set forth in other sections of this document.

The term “personally identifiable information” means individually identifiable information about an individual consumer collected online by our company from an individual and maintained by our company in an accessible form, and may include any of the following:

  1. A first and last name.
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Context
Types of Data
Primary Purpose for Collection and Use of Data
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Mobile Devices
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Order Placement
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Partner Promotion
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Surveys
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We use this information to understand your opinions and collect information relevant to our organization.
Sweepstakes or Contests
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Website Interactions
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Web Logs
We collect information, including your browser type, operating system, Internet Protocol (IP) address (a number that is automatically assigned to a computer when the Internet is used), domain name, click-activity, referring website, and/or a date/time stamp for visitors.
We use this information to monitor our networks and the visitors to our websites. Among other things, it helps us understand which of our products or services is the most popular.

Revisions to This Policy

Our company reserves the right to revise, amend, or modify this policy, our Terms of Use and Service, and our other policies and agreements at any time and in any manner, by updating this posting. Your use of this site after such changes are implemented constitutes your acknowledgement and acceptance of there changes. Please consult this privacy statement prior to every use for any changes.

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PaperlessTimes is really just a hobby site comprised of some of my favorite and most read conservative leaning sources.  The main idea is just aggregate RSS feeds centralized in one area so I can simply take a quick look at the latest articles and pop on over to the full article if wanted; saves a bit of time from going from site to site looking for something that might interest me.

I long ago lost any faith in what is commonly known as mainstream “news” recognizing that it’s not just how a story is framed, but also what is omitted in what passes for information these days.  There are many, many great authors and thinkers in conservative thought who have the freedom to focus not on narrative and instead on substance.

This is always a work in progress for my own use, but if you find it useful, that is awesome.  If there’s a feed you read that you would possibly like added, (always interested in expanding), have any complaints or suggestions, feel free to use the contact form .  There is a bit of marketing on this site which is more of a test run for developing stuff.  If anything catches your eye, buy away, for it does go to me.

thanks, Steve

 

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