Top Tweets for #EFtC

🚨 BREAKING 🚨 Rules published this morning for the Federal Scholarship Tax Credit (or EFTC) - will raise billions of new $$$ for public and private school students starting in 2027. Really important wins for students, families, and taxpayers. I read the rules so you don't have to. Here are my main takeaways: - Credit for Married Couples Filing Jointly is up to $3,400 **I estimate this adds $3.8 billion more in giving for every +5% of taxpayer participation 🤯 - Payroll deductions expressly defined as "cash" and allowable as a way to make a qualified contribution to a scholarship organization **This will 2-3x contributions or more. Massive for public and private school students alike. Would work similar to employer matching gift programs - massive on-ramp for donations - Affirmed that public school students are eligible subject to state participation and income requirements. ** Treasury estimates that ~95% of 5-17 year old students are eligible to receive scholarships across public, private, and religious schools - Scholarships for tutoring and special education services for students attending schools in high poverty areas get a safe harbor re: income verification **expands access greatly for low-income students by not requiring additional paperwork from parents - huge - Income eligibility is adjusted for family size 👶👶👶👶👶 **Really important for families in lower income counties - Expenses must be paid directly to schools or qualified vendors. Digital wallets are permitted. **Cannot give cash scholarships directly to families unless as a reimbursement w/documentation - States cannot arbitrarily restrict scholarship organizations in participating states **Great news for minimizing the use of this tax credit as a political weapon vs. serving kids - Governors must file their official opt-in paper work by January 1, 2027 or their students lose out for the first year. SGO list needs to be submitted by Feb. 15th for first year. - Homeschool students - confirmed that they can receive scholarships in states where they are categorized as attending a type of school under state law, but questions remain. More guidance promised in the future. - Multi-state scholarship orgs are allowed **game changing for students in smaller states - Students in military families remain eligible for scholarships as long as they come from or currently live in a participating state - SGOs do not need to collect SSNs - donors will receive a unique donor number

I met with Ukrainian service members who are training at the European F-16 Training Center in Romania. We spoke with the cadets about specifics and conditions of their training program. We also discussed the challenges our pilots face and how the state can help address them. At the center, our guys undergo different stages of training, including theory and real sorties. The first Ukrainian pilots began their program there in 2024, and some of them already carry out combat missions to repel Russian aggression. I thank Romania, the instructors at the center, and everyone who is helping us defend ourselves and counter Russian terror. We will always be grateful to the United States for the opportunity to strengthen the protection of our sky with American fighter jets, as well as to Denmark, the Netherlands, and Norway, which have already transferred aircraft to Ukraine.