02 Feb 2010 @ 1:35 PM 

The Obama Administration has released its proposed budgetfor the coming fiscal year. Deficit reduction does not occur but some tax breaks are eliminated in an effort to reduce the growth of the deficit. According to Terri Cullen, writing for Reuters News Service, teachers will be loosing a $250 per year tax credit for classroom teaching supplies. Note, this is a credit, not a deduction and it is removed in the 2011 fiscal budget.

Anyone who knows public school teachers knows they spend considerably on their classrooms every year. This is money from their pockets and is often not reimbursed by their school systems. In our Baldwin County system teachers are already being hit by limited supplies and decreasing support staff. This will add a touch more burden to their work.

Other middle class tax breaks are also threatened. For example, the tax deduction for up to $4,000 of college tuition and expenses is set to be eliminated too.

(NOTE: Reuters has pulled the story from their site but it should still be available at the link above. They say it will run later…)

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Posted By: Joseph Evans
Last Edit: 02 Feb 2010 @ 01:35 PM

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