U.S. Education Department to increase funds and grants for charter schools
The Department of Education is increasing the Charter Schools Program by nearly 15% this year, bumping the total budget to $500 million, per a press release from Education Secretary Linda McMahon.
McMahon also announced that her department will launch new grant opportunities through Charter Schools Program called the Model Development and Dissemination Grant Program.
'Through this program, the department will showcase bold strategies and innovative education models from charter schools. We will particularly emphasize those that focus on classical education, civics, STEM programs and career focused education,' McMahon said in a video posted to X.
There are currently over 8,000 operating charter schools in the U.S., and as of 2022, charter schools are legally recognized in 45 of 50 states, plus Washington D.C., per the Nation Center for Education Statistics.
States without charter schools include Nebraska, Montana, North Dakota, South Dakota and Vermont.
The announcement follows the conclusion of National Charter School Week, which the White House recognized on Monday.
Rep. Burgess Owens, R-Utah, a member of the House Committee on Education and Workforce, has been a proponent of charter schools and increasing educational choice in Utah.
In remarks on Friday, Owens referenced these new innovations. 'As a nation, we've entered a very exciting new era where every child, not just a lucky few, can access opportunities that fit their unique needs and abilities,' he said.
He continued, 'And we've started to view education in the same way we view other parts of our economy — through the eyes of the American consumer. It is a culture built on capitalism. Competition drives innovation, accountability and better outcomes.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
9 minutes ago
- Business Upturn
Online Tax Firm MyExpatTaxes Alerts Expats: Final Chance to Claim 2021 Stimulus Payments
Vienna, June 10, 2025 (GLOBE NEWSWIRE) — MyExpatTaxes, a leading US expat tax company known for its support of U.S. citizens living overseas, is highlighting an important upcoming deadline for American expatriates. By June 16th, expats must act to claim the 2021 stimulus payments. This deadline represents the final opportunity for expats who haven't already to benefit from COVID-19 economic stimulus payments, which can total thousands of . MyExpatTaxes is urging individuals not to miss out on this opportunity. As the U.S. is one of just two countries that taxes based on citizenship rather than residence, Americans living abroad have to report their worldwide income by filing a U.S. tax return every year. Many Americans expats are unaware of this requirement to file from overseas though, so get behind in their filing. The IRS has an amnesty program for these expats though called the Offshire Streamlined Filing Compliance Procedures. This process offers a chance for overseas Americans who have unintentionally failed to meet their filing obligations to catch up on their U.S. tax filing without facing penalties. It requires submitting the last three years of tax returns and, where applicable, up to six years of Foreign Bank and Financial Accounts Reports (FBARs). The procedure can seem complex, but with MyExpatTaxes offering either self-service or guided assistance, expats can find a sense of relief with easy access to tools like a US expat tax calculator and a stimulus check calculator found on their website. Nathalie Goldstein, CEO of MyExpatTaxes, underscores the significance of acting before the June 16th deadline for non-compliance overseas Americans, saying, 'The June 16th 2025 deadline is the last opportunity for American expatriates who may not have been aware that they have to file U.S. taxes from abroad to claim teh COVID-19 stimulus payments. It's also a valuable opportunity to get tax compliant without facing penalties. Our goal is to provide them with the guidance they need to make the most of these benefits.' Her words reflect the broader mission of MyExpatTaxes – supporting American expats in navigating what can often be a daunting process filing from overseas (often as well as filing taxes in the country where they reside). The 2021 expanded Child Tax Credit is also available for American families living abroad. This credit offers a substantial benefit of up to $3,600 per child, refundable for qualifying families. Timely filing is critical to claim this credit, ensuring families don't inadvertently miss out. To aid in this, expats can access comprehensive guidance and information on the Streamlined Procedures through MyExpatTaxes' dedicated page: Adding to the firm's efforts, Goldstein remarks, 'The potential gains for catching up and filing for 2021 for expats who qualify for the stimulus payments are typically far outweigh the costs of becoming compliant. Our platform is designed to simplify the tax filing process for U.S. citizens abroad, offering practical solutions and expert support. With the deadline imminent to claim these valuable payments, we're dedicated to helping expatriates claim what they are rightfully owed.' This statement emphasizes MyExpatTaxes' commitment to easing the stress associated with U.S. tax filing for expats. To further assist expats, the company has developed easy-to-use resources such as tax guides, quick start checklists, and webinars available on their website. These resources provide education and support, aimed at simplifying and demystifying the intricacies of international tax reporting for Americans living abroad. User testimonials and official reviews highlight the effectiveness and reliability of MyExpatTaxes' services, reinforcing their reputation as a helpful aid for expats. As the June 16th deadline approaches, expats need to be vigilant. Missing this date means losing out on the chance to claim the stimulus payments for good. Through proactive action and using MyExpatTaxes' offerings, expatriates can not only ensure compliance but also capitalize on available benefits. MyExpatTaxes remains committed to guiding expatriates through these important periods, helping them understand and fulfill their tax responsibilities while maximizing their eligible claims. For those seeking to learn more or benefit from these services, they can learn more through the platform's site: The resources provided are not just about fulfilling obligations – they also empower expats to take control of their financial responsibilities with confidence. ### For more information about MyExpatTaxes, contact the company here: MyExpatTaxesMackenzie Passegger [email protected]
CNBC
12 minutes ago
- CNBC
'Collateral damage': Fund managers lobby Congress over Section 899 to avert foreign investors leaving the U.S.
American fund managers are lobbying Congress over a provision tucked inside President Donald Trump's tax bill that they say could lead to foreign investors "quickly" pulling investments out of the U.S. The "One Big Beautiful Bill Act," which passed through the U.S. House of Representatives in May, aims to penalize foreign-owned firms operating in the U.S. and that are from countries with "unfair foreign taxes" under a provision known as Section 899. It is currently being considered by the Senate. The Investment Company Institute (ICI), which represents fund houses in the U.S., is lobbying Congress for an amendment as it warns the bill in its current form also impacts most foreign investments in U.S. stock markets, according to documents seen by CNBC. "In order to avoid the impact of section 899, portfolio investors are likely to retreat quickly from US equities, leading to capital outflows from the United States," the ICI said in a letter sent to Senator Mike Crapo, the chairman of the Senate Finance Committee, on June 5. "If sustained selling by foreign investors depresses US equity markets, this would harm both US companies and investors." Section 899 aims to introduce retaliatory tax measures against entities from countries that have levies such as the Digital Services Taxes and the OECD's global minimum tax rules. If signed into law, it could impact investors from the European Union, the United Kingdom, Canada, Australia, and Switzerland, among others. The tax would start at 5% and escalate by five percentage points annually to a maximum of 20%, on top of existing taxes, which vary by country and tax treaties. That could dent returns for foreign investors in U.S. equities. In the letter, the ICI also suggests that the U.S. fund management industry, which has collectively invested around $18 trillion in U.S. stock markets, would be "collateral damage" due to the impact of Section 899. "We do believe, however, that the current drafting of proposed section 899 should clarify its scope and avoid discouraging foreign investment in US equity markets through 'investment funds' such as US mutual funds and ETFs and their foreign counterparts (e.g., UCITS funds)," the ICI said. The letter to Senators goes on to say, "section 899 would penalize these funds and their shareholders by taxing passive income from US equity investments. To this end, investment funds would be collateral damage to the intended focus of section 899." Funds typically charge fees as a percentage of assets under management, and a withdrawal by foreign investors, over Section 899 concerns, could lead to lower earnings for the investment management firm. The Senate Finance Committee declined to comment, and Senator Mike Crapo's office did not respond to CNBC's request for comment. Foreign investors own $19 trillion in the U.S. stock markets, $7 trillion in U.S. government bonds, and $5 trillion in U.S. credit, according to data compiled by Apollo Global Management. The ICI said it's largely in support of the U.S. government's attempt to "protect US business interests overseas and to address discriminatory foreign taxes." However, it cautions that the current draft of the bill does the opposite. "Some foreign governments may actually cheer this capital flight from the United States because it benefits their local equity markets, which is not the behavioral incentive that Section 899 seeks to achieve," it said. Yuri Khodjamirian, chief investment officer for Tema ETFs, said investors in Europe who are focused on dividend-distributing U.S. companies would be "thinking quite carefully" about their holdings at this stage. "If suddenly you have to pay tax on that income, why would you hold that?" Khodjamirian questioned. Tema ETFs runs the American Reshoring ETF that is available to both U.S. and foreign investors. Tax experts suggest earnings paid out to foreign investors are more likely to be hit by Section 899 than capital gains and other methods of shareholder distributions. The Tema ETFs investment chief cautioned that the impact on the U.S. equities market would be relatively minimal as U.S. companies, say in the S&P 500, are typically not known for their dividends. "In the US, dividend yields are quite low. There's not a lot of companies paying. And most of the capital gets returned to share buybacks," Khodjamirian told CNBC. "Is that actually going to be that big of an issue then?"
Boston Globe
26 minutes ago
- Boston Globe
Trump's latest manufactured crisis has Los Angeles in its grip
Advertisement And it's hard to imagine them voting to trample local local enforcement. Get The Gavel A weekly SCOTUS explainer newsletter by columnist Kimberly Atkins Stohr. Enter Email Sign Up But then this administration has been just spoiling for a confrontation — especially in Los Angeles, with presidential advisers like And the president threw gasoline on the fire. Even as more demonstrators took to the streets, Advertisement Now there is no excuse for violence on the streets of any American city — and burning Waymo robot-driven cabs is hardly a good image for those with legitimate concerns about tactics used by immigration forces. The initial demonstrations were touched off by immigration raids at a garment factory and But throughout the weekend there was also no evidence that state and local police were incapable of dealing with the situation without the unasked-for federal intervention. In fact, some These are not the LA riots of 1992 in the wake of the verdict acquitting police officers of beating a Black man, Rodney King. Some Trump has long been the master of the manufactured crisis — the kind he has repeatedly used to justify broad use of executive powers. The president had barely finished taking the oath of office, when he declared a crisis at the border, requiring an Then there was the declaration of an equally nonexistent In April, with the Advertisement But by calling out the National Guard in California, on his own initiative and under false pretenses, Trump has entered new and more dangerous territory. 'The people who are causing the problems are bad people, they are insurrectionists,' Trump The president has not yet invoked the Insurrection Act but instead is using a section of the US Code on Armed Services ( That certainly explains Trump's escalating rhetoric and that of his administration, but it is an allegation that at the end of the day would have to be proven in court. 'Federal law enforcement officers were attacked by violent radicals and illegal criminals waving foreign flags because Governor Newsom was too weak to protect the city,' White House press secretary Karoline Leavitt Those 'foreign flags' were evidence not of an 'invasion' but for many Mexican-Americans in LA, But for this administration there is no detail that can't be used to distort the truth. 'Let me be clear: There is no invasion. There is no rebellion,' Advertisement Sure, Trump has long had it in for California, threatening to But the truly horrifying thing about Trump's current move is that it could happen to each and every state in the nation — or, more likely, to each and every Democratic state, especially when truth is so irrelevant to the Trump administration and facts are so fungible. The other danger is that having normalized the deployment of troops during manufactured crises, Trump will feel empowered to use them in even more forceful or aggressive ways if and when the nation faces actual crises. California's political leaders will not be fighting this battle on behalf of the rule of law alone. It's our fight too, and it won't be the last. Editorials represent the views of the Boston Globe Editorial Board. Follow us
