Norton Rainey
๐ค SpeakerAppearances Over Time
Podcast Appearances
We actually in the big, beautiful bill were able with some friends and allies around the country to include a federal tax credit.
And it's really simple.
It allows every American beginning in 2027
to claim a $1,700 tax credit when they give to programs like ACE Scholarships.
Now, most people don't always know the difference between a deduction and a credit.
It's quite simple.
Deduction is the normal donation you make to a charity.
A credit is incredible.
It's like stealing the money that you would actually pay in taxes to Uncle Sam every year.
You can now give that to an organization like ACE.
So it doesn't cost you a penny.
And that means that we can actually raise more money, help out more kids.
And that's what ACE will now be doing is growing to many more states outside of our 13 state region currently.
And my belief, Vince, is that we're going to go from a program that's helping out a lot of kids to hundreds of thousands, if not millions of kids, and seeing a true transformational impact in our country.
You nailed it.
What we'll do is we'll send you a receipt, and then when you file your taxes in 2028, you will actually receive a refund from the government for $1,700.
So it's really that simple.
That's how good it is.
We just have to make sure Americans understand how great this opportunity is.
We think there are about 50 million Americans who currently make over $85,000 per year.