The education secretary will testify before Congress Wednesday about the ‘tough choices’ in her proposed $6.7 billion education spending cut.
Education Secretary Betsy DeVos will testify before Congress on Wednesday about her priorities for the department just weeks after she proposed billions of dollars in cuts for education spending in fiscal year 2020.
DeVos has labeled the cuts “tough choices,” but new analysis from the Center for American Progress Action Fund (CAPAF) shows DeVos’ personal savings from the 2017 GOP tax bill alone could have covered a significant chunk of them.
(ThinkProgress is an editorially independent news site housed within CAPAF.)
According to her 2018 personal financial disclosures, DeVos’ income was somewhere between $46.8 million and $109 million, mostly stemming from LLCs, limited partnerships, and distributive shares. CAPAF’s analysis estimates the Trump tax cuts likely saved her $10 million or more in the last year alone.
View the complete April 10 article by Josh Israel on the ThinkProgress website here.