That means if you write a check for $1,700, you owe $1,700 less to Uncle Sam. So from your perspective, it's free money. It doesn't cost you a penny. What is that going to do? Starting next year, It is going to unleash tens of billions of dollars of new scholarship money in the states for kids in K through 12 education. Billions of dollars flowing into Iowa and in every other state. Ten years from now, there are literally going to be millions of kids who had been trapped in failing schools. (16:54–17:05)
CLAIM
Asserts that the tax credit will generate tens of billions in scholarship funds for K-12 education.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
