The next wave of disruptions to children’s educational success will not be another recession — it is the result of the decision by policymakers to put tax cuts ahead of that goal.
Policymakers should not get credit for acknowledging that smaller class sizes are important to children getting to third-grade reading proficiency and succeeding in school until they put the resources behind it.
Instead, state leaders passed another round of personal and corporate income tax cuts in the final budget this summer that will reduce state revenues by $900 million when in effect for a full fiscal year. The reduction of the corporate income tax rate from 3 percent to 2.5 percent alone will account for roughly $100 million in revenue that could otherwise have been a down-payment on their pledge to reduce class sizes.
Funding the class-size reductions mandated by the same General Assembly would require at least $300 million.
Here’s why stopping the 2019 corporate income tax rate cuts is an important first step for policymakers to take immediately to prove their commitment to children’s educational success. Read more