Assembly members split on education investment tax credit - NEWS10 ABC: Albany, New York News, Weather, Sports

Assembly members split on education investment tax credit


ALBANY, N.Y. - A day after the Archbishop of New York Timothy Cardinal Dolan was in Albany to push for the passing of education investment tax credit in the 2014 state budget, assembly members on both sides of the proposal defended their positions.

Republican State Assemblyman Steve McLaughlin is in favor of passing the bill. He does not believe the legislation would take money away from the public schools by putting it into law. McLaughlin says it's working in other states and it will here in New York.

"Allowing them to get a little bit of a break on their taxes by contributing to private schools, I think is a healthy thing," said McLaughlin.

Democratic State Assemblyman John McDonald also supports the education investment tax credit. He states while he's continuing to work to close the gap elimination adjustment, this will help make the education system fully rounded.

"The fast that this is a credit, it's against taxes owed, it takes a little bit of the discomfort out of the process but it actually brings credit forward that has been long sought after," said McDonald.

Democratic Assemblywoman Patricia Fahy opposes the measure, mainly because she sees the tax credit geared towards only helping the wealthiest of people.

"This is not philanthropy. This is taking what normally would be state tax dollars and shifting it to a foundation. I do not see where that would benefit our poorest of school districts," explained Fahy.

McLaughlin, McDonald, and Fahy all came from a Catholic education background.

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