Tax Credit Ethics

We recently read an article about Obama’s efforts to incorporate a tax credit for college students. The tax credit would be about $4000 for each student volunteer who had at least 100 hours community service for that year. I think this is a great way to increase the amount of volunteers for non-profit organizations. It also helps out students who need assistance with tuition. I don’t see it as a payment in any way. If it were payment, these volunteers could use the money for whatever they choose. Since it’s a tax credit, going strictly to tuition, it’s merely an incentive to increase the number of volunteers.

Obama Tax Credit

I really enjoyed reading up on last week’s management dilemma about Obama’s Tax Credit. I believe this is a good idea, especially for college students who are trying to make it on their own. It’s difficult taking classes, staying involved, and juggling a part-time job. And trying to pay as you go is practically impossible, so students are left with few options, which are primarily loans. Having a second option for financial assistance is great. This credit will definitely give an incentive for students to give part of their time to the community. I think a lot of students would like to volunteer, but are unable to due to their need to dedicate free time to their job in order to make the rent. This would provide the opportunity to do both.