Rick Scott Ensures Profits for JP Morgan and Chase

Every time a debit card or credit card is used, a bank gets to skim the transaction. Multiply these small transaction fees by the thousands of teachers and the profits do more than add up, they multiply.

On July 31, Florida Governor Rick Scott announced the Teacher Supply Debit Card, which was a part of the Governor’s 2013 legislative agenda, via Twitter at @FLGovScott. The Governor’s Teacher Supply Debit Card unveiling is part of his effort to promote Florida’s Tax Free Back-to-School weekend, which runs this Friday through Sunday (August 2nd to August 4th).

Governor Scott said, “I want to thank the Legislature, Superintendents and JPMorgan Chase for working with us to make this debit card a reality. This teacher school supply debit card will allow teachers to buy classroom supplies tax free all year long. Teachers will also now have the funding they need to buy classroom supplies without reaching into their pockets, which is great news. With Miami-Dade and Orange County already choosing to provide these debit cards for their teachers, we are encouraging every school district to use this opportunity to use the Teacher supply debit cards.

“Because of Florida’s hardworking teachers, the Sunshine State jumped to the top ten in the nation for the overall quality of its education system, and that’s among the many reason we worked to secure $480 million for teacher pay raises and additional resources for school supplies. Supporting Florida’s teachers is a vital part of our ongoing commitment to make Florida the best place in the world to find a job and raise a family.”

Senator Anitere Flores said, “I would like to thank Governor Scott for his partnership with the legislature to allocate the funds necessary to create the Teacher Supply Debit Card. This card will give teachers more opportunity to fill their classrooms with the school supplies students need to get the most out of their education.”

Representative Erik Fresen said “We were fortunate that Florida’s improving economic situation provided us with increased revenues to boost the allocation for the Teachers Classroom Supply Assistance Program so that our educators will be able to purchase necessary supplies for their classrooms.  This year, every public school teacher will have approximately $250 to spend for these items, about a 33 percent increase over previous years.”

“Florida’s retail stores are proud to support our teachers by making classroom supplies available as tax-exempt purchases. We look forward to working with the state and local government as the debit cards are distributed statewide,” said Rick McAllister, president and CEO of the Florida Retail Federation.

This entry was posted in Florida Law, Florida News and tagged . Bookmark the permalink.

Comments are closed.