After decades in the world of accounting and finance, including my time leading PricewaterhouseCoopers, I know all too well the complications of the U.S. tax code. But I’ve also seen firsthand how well-designed tax policy can drive investment, expand opportunity, and strengthen communities. The most effective policies align individual incentives with broader societal goals.

The 2025 budget reconciliation bill included several such provisions. Among these is the first-ever individual tax credit scholarship program, an approach that will broaden philanthropic giving and expand K-12 educational opportunities for millions of children for years to come.