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Rubio Criticizes Wells Fargo, Fifth Third Bank For Halting Donations to Step Up for Students

Feb 3, 2020 | Press Releases

Washington, D.C. — U.S. Senator Marco Rubio (R-FL) released the following statement after Wells Fargo and Fifth Third Bank announced they would halt donations to Step Up for Students, Florida’s school voucher program:

“Wells Fargo and Fifth Third Bank’s decision to stop donating to Florida’s Step Up for Students scholarships is a publicity stunt aimed at earning ‘wokeness’ points with the radical left,” Rubio said. “They aren’t punishing the small handful of schools whose policies they don’t like. They are punishing the thousands of underprivileged parents and students who may lose the chance to attend a school they otherwise couldn’t afford.”

Background:
Rubio has long been a supporter of school choice and on the first day of the 116th Congress, he reintroduced the Educational Opportunities Act, which creates a federal tax credit for donations towards scholarships for low-income students towards their K-12 education at the school of their choosing. Senator Rubio’s bill is modeled after Florida’s highly successful school choice scholarship program, which he advocated for during his time in the Florida legislature. When Senator Rubio first introduced the Educational Opportunities Act, the bill received widespread praise from the education community.