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ERIC Number: ED520375
Record Type: Non-Journal
Publication Date: 2009-Aug-3
Pages: 48
Abstractor: As Provided
Reference Count: 0
ISBN: N/A
ISSN: N/A
The Poverty of Preschool Promises: Saving Children and Money with the Early Education Tax Credit. Policy Analysis. No. 641
Schaeffer, Adam B.
Cato Institute
The political momentum behind state-level preschool programs is tremendous, but existing proposals are often flawed and expensive. Preschool can provide small but statistically significant short-term gains for low-income children; however, these gains usually fade quickly in later grades. There is little evidence to support the belief that large-scale government preschool programs are effective, by themselves, in improving long-term student outcomes. Reform of the existing K-12 system should therefore remain the primary focus of those interested in sustainable improvement in student outcomes. Given that many states have already instituted pre-K programs, or are committed to doing so, this paper proposes model early education legislation aimed at maximizing their chances for long-term success. The Early Education Tax Credit aims to sustain any potential preschool benefits and establish a solid academic foundation for later success. The program would improve the quality and efficiency of preschool options by harnessing market forces and would pay for itself by using savings generated from the migration of students from public to private schools in grades K-4. The Early Education Tax Credit approach is unique in meeting the demands of activists for expanded access to high-quality preschool, meeting the needs of children and the preferences of their parents, and meeting the goal of increased educational freedom--all while keeping the budgetary impact low or positive. Appended are: (1) The Early Education Tax Credit Act (Donation and Family-Use Education Tax); and (2) The EETC in Action. (Contains 4 figures and 80 notes.)
Cato Institute. 1000 Massachusetts Avenue NW, Washington, DC 20001-5403. Tel: 202-842-0200; Fax: 202-842-3490; e-mail: subscriptions@cato.org; Web site: http://www.cato.org
Publication Type: Reports - Evaluative
Education Level: Elementary Secondary Education; Preschool Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Cato Institute