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Skip banner and naviation and go to content| Tuesday, November 17, 2009 | ||
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Graves/Clay Move To Extend and Expand Teacher Tax Credit |
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(Washington D.C.) - U.S. Congressman Sam Graves and Missouri colleague W. Lacy Clay (MO-1) today introduced legislation to extend and expand the teacher tax deduction for teachers who purchase classroom supplies for their students with their own money. Graves and Clay propose extending the tax deduction to 2017 and increasing the amount deductable for full-time teachers from $250 to $500. It would also create a new tax deduction of $250 for part-time teachers. “Every year, teachers across Missouri dip into their own pockets to purchase classroom supplies they believe will benefit their students and create a better learning environment,” said Graves. “We should support teachers who are going the extra mile for our children.” Full-time teachers are currently eligible for a $250 tax deduction if they personally invest in classroom supplies for their students. This tax deduction will expire at the end of the 2009 without Congressional action. The legislation has bi-partisan support. “Great teachers shape our children's future and make many sacrifices to prepare them for success in life,” said Congressman Clay. “Our nation’s teachers deserve compensation for going above and beyond their responsibilities to ensure that our students can compete in today’s global economy.” The bill is also co-sponsored by Congressmen Todd Akin of Missouri, Bob Etheridge and Mike McIntyre, both of North Carolina. H.R. 4075 has been referred to the House Ways and Means Committee. # # # |