Innovative financial policy...
Now, as the new school year gets under way, the burden on teachers around the country is even heavier.
Because of a budget crunch, California has suspended a tax credit that reimbursed teachers up to $1,500 for classroom supplies. Meanwhile, a $250 federal tax deduction for teachers that helped defray out-of-pocket spending expired this year.
"The end of the tax benefits is effectively a tax increase for teachers -- people who spend thousands of their own dollars each day for their classrooms and who don't deserve a tax increase," said Barbara Kerr, president of the California Teachers Association.
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