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Past Extra Credits All issues |
President Bush's Budget Will Make Tax Day Less Taxing for America's Teachers
President Bush's FY 2004 budget proposes expanding the deduction for teachers that reimburses them for out-of-pocket expenses for classroom supplies.
The President's plan provides a total of $302 million in tax relief for America's teachers. It expands the above-the-line deduction for qualified out-of-pocket classroom expenses incurred by teachers from $250 to $400, makes the deduction available after 2003 (when the current deduction expires), and expands the deduction to apply to un-reimbursed expenditures for certain teacher training programs.
President Bush's total combined FY 2004 budget request for programs dedicated to teacher quality and improvement is more than $3.2 billion—which does not include the $500 million in support from changes in loan and tax-credit policy.
About Extra Credit
NCLB Extra Credit is a regular look at the No Child Left Behind Act, President Bush's landmark education reform initiative passed with bipartisan support in Congress.
If you would like the NCLB Extra Credit emailed to you, please send a request to Geoff Goodman at NoChildLeftBehindUpdate@ed.gov or call (202) 205-9191.
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Last Modified: 03/14/2007
