I STILL KNOW IT JENN!!!

Friday, September 17, 2004

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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