08-15-24 TPE Behind the Markets AM

Millions in Campaign Funds Propel School Voucher Advocates in State Elections

In a robust display of financial muscle, millions of dollars are being funneled into state races to support Republican candidates who champion school vouchers, a cornerstone in the broader agenda to expand school choice across the United States.

The spotlight recently shone on Tennessee, where pro-voucher groups, buoyed by a $4.5 million war chest, celebrated their success in the primary elections. These funds were strategically invested to bolster legislative candidates poised to advocate for school choice initiatives when lawmakers reconvene in 2025.

Similar advocacy groups deployed a staggering $14.8 million in Texas during the primary elections to unseat opponents of school vouchers. Meanwhile, in Idaho, significant sums were also spent influencing the election outcomes in favor of voucher-friendly candidates.

Leading the charge are prominent national entities such as the School Freedom Fund, linked to the influential Club for Growth; the American Federation for Children, established by Betsy DeVos, former Secretary of Education under President Trump; and Americans for Prosperity, backed by the Koch family.

David McIntosh, president of the School Freedom Fund, issued a stern warning to Republicans: “Make no mistake—if you call yourself a Republican and oppose school freedom, you should expect to lose your next primary.” This sentiment underscores the high stakes involved in these intra-party contests.

Currently, thirty-two states have enacted some form of voucher program, with about a dozen offering programs that allow taxpayer-funded vouchers to be used without income restrictions at any public or private school. The push for such expansive programs continues to gain momentum among Republican leaders.

^{_{Advertisement}}

Dear Fellow Investor,

It's been a great year for investors.

The market is near all-time highs, we're told that unemployment is low, AI's a gift to humanity, and the FED will cut rates any day now.

But there's one indicator that's flashing a BIG warning sign to investors.

This indicator is so rare, it's only flashed this warning sign twice in the past 100 years...

...and each time the market crashed over 50% in six months.

The first time it flashed red was in 1929 - right before the market crashed 80%.

This second time it flashed red was in 1999 - right before the dot com crash sent the market down 50%.

And now it's flashing red again - for the third time in history.

As you will see in this presentation here, there's little time left to prepare.

The next 90 days are crucial.

Don't get blindsided by the coming storm.

Take these 4 steps to protect your retirement here.

"The Buck Stops Here,"

Dylan Jovine, CEO & Founder

Behind the Markets

Video Of The Day