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Opinion: Pence Pays Little In Federal Taxes Thanks To Ineffective, Regressive Education Tax Credits

Republican vice presidential nominee Mike Pence’s recently released tax returns attracted attention for how little tax he paid: just $6,956 in federal income tax on $115,526 in total income, a rate of 6 percent. Pence’s tax bill would have been 72 percent higher had it not been for $5,000 in higher education tax credits enacted under Presidents Clinton and Obama, which have been increasingly demonstrated to be ineffective and regressive.