Last month, federal lawmakers unveiled the Education Freedom Scholarships and Opportunity Act, which would expand federal support for innovation, opportunity, and access to high-quality education for students across the country. The proposal represents a significant step forward in strengthening the education system for all students and especially for low-income students, who are too often overlooked.

The proposal would create a federal tax credit program to incentivize private funding of student scholarships. States that choose to participate will provide individuals and corporations a dollar-for-dollar tax credit for contributions to selected nonprofit organizations that provide scholarships. States will decide how students might use each scholarship, allowing every state to tailor their use of federal tax credit funds to their needs.