2020 hopeful Warren would quadruple school funding, crack down on charters

WASHINGTON, Oct 21 (Reuters) - White House hopeful Elizabeth Warren said on Monday that if elected she would roughly quadruple federal funding for public schools and incentivize states to adopt funding approaches that more equitably fund lower-income schools.

Warren, a U.S. senator from Massachusetts who is now a front-runner for the Democratic Party's 2020 presidential nomination along with former Vice President Joe Biden, wrote in a post on the website Medium that her plan would result in the federal government investing an additional $450 billion in elementary and secondary schools over the next decade.

"Our current approach to school funding at the federal, state, and local level underfunds our schools and results in many students from low-income backgrounds receiving less funding," Warren wrote. "My plan makes a historic new federal investment in public schools - and pushes both the federal government and state governments to dedicate more resources to the schools and students that need them most."

In the United States, state and local governments fund about 90% of public primary and secondary education, with the federal government providing the remaining 10% primarily through the "Title I" program.

Warren said she would quadruple Title I funding over the next 10 years. She would also predicate access to additional Title I funds on states adopting school funding schemes that are not reliant on property taxes, which benefit schools in higher-income areas. She would also invest an additional $50 billion in improving infrastructure at the schools most in need of upgrades.

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Sen. Elizabeth Warren, D-Mass., attends a Senate Armed Services Committee hearing in Dirksen Building titled 'Foreign Cyber Threats to the United States,' featuring testimony by Director of National Intelligence James Clapper and others, January 5, 2016.

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Senate Armed Services Committee members (L-R) Sen. Martin Heinrich (D - NM), Sen. Elizabeth Warren (D-MA) and Sen. Gary Peters (D-MI) talk during a hearing in the Dirksen Senate Office Building on Capitol Hill January 5, 2017 in Washington, DC. The intelligence chiefs testified to the committee about cyber threats to the United States and fielded questions about effects of Russian government hacking on the 2016 presidential election.

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Senate Armed Services Committee Chairman John McCain (R-AZ) (L) and Sen. Elizabeth Warren (D-MA) arrive for a hearing with the Director of National Intelligence and National Security Agency chief in the Dirksen Senate Office Building on Capitol Hill January 5, 2017 in Washington, DC. The intelligence chiefs testified to the committee about cyber threats to the United States and fielded questions about effects of Russian government hacking on the 2016 presidential election.

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Democratic Nominee for President of the United States former Secretary of State Hillary Clinton, accompanied by Senator Elizabeth Warren (D-MA), speaks to and meets New England voters during a rally at Saint Anselm College in Manchester, New Hampshire on Monday October 24, 2016.

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Mark Wahlberg, Former Boston Police Commissioner Ed Davis, Boston Police Commissioner Billy Evans, Former Boston Red Sox player David Ortiz, Dun 'Danny' Meng, Jessica Downes, Patrick Downes, Senator Elizabeth Warren, director Peter Berg and Harvard Law professor Bruce Mann pose on the red carpet at the 'Patriots Day' screening at the Boch Center Wang Theatre on December 14, 2016 in Boston, Massachusetts.

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Democratic Nominee for President of the United States former Secretary of State Hillary Clinton, accompanied by Senator Elizabeth Warren (D-MA), speaks to and meets New England voters during a rally at Saint Anselm College in Manchester, New Hampshire on Monday October 24, 2016.

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Former Red Sox player David Ortiz talks with Senator Elizabeth Warren at the 'Patriots Day' screening at the Boch Center Wang Theatre on December 14, 2016 in Boston, Massachusetts.

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Democratic presidential nominee Hillary Clinton and Senator Elizabeth Warren hold a rally at St. Anselm College in Manchester, NH on Oct. 24, 2016.

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U.S. Senator Elizabeth Warren speaks at a Manchester 'New Hampshire Together' Canvass Launch event in Manchester, NH on Sept. 24, 2016.

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Senior United States Senator from Massachusetts, Elizabeth Warren speaks onstage at EMILY's List Breaking Through 2016 at the Democratic National Convention at Kimmel Center for the Performing Arts on July 27, 2016 in Philadelphia, Pennsylvania.

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US Senator Elizabeth Warren, Democrat of Massachusetts, holds up copies of Wells Fargo earnings call transcripts as she questions John Stumpf, chairman and CEO of Wells Fargo, as he testifies about the unauthorized opening of accounts by Wells Fargo during a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington, DC, September 20, 2016.

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Sen. Elizabeth Warren (D-MA) along with members of the Democratic Women of the Senate acknowledge the crowd on the fourth day of the Democratic National Convention at the Wells Fargo Center, July 28, 2016 in Philadelphia, Pennsylvania. Democratic presidential candidate Hillary Clinton received the number of votes needed to secure the party's nomination. An estimated 50,000 people are expected in Philadelphia, including hundreds of protesters and members of the media. The four-day Democratic National Convention kicked off July 25.

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Sen. Elizabeth Warren (D-MA) delivers remarks on the first day of the Democratic National Convention at the Wells Fargo Center, July 25, 2016 in Philadelphia, Pennsylvania. An estimated 50,000 people are expected in Philadelphia, including hundreds of protesters and members of the media. The four-day Democratic National Convention kicked off July 25.

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Representative Joseph P. Kennedy III welcomes Massachusetts Senator Elizabeth Warren on stage on Day 1 of the Democratic National Convention at the Wells Fargo Center in Philadelphia, Pennsylvania, July 25, 2016.

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Former Secretary of State Hillary Clinton accompanied by Senator Elizabeth Warren (D-MA) speaks to and meets Ohio voters during a rally at the Cincinnati Museum Center at Union Terminal in Cincinnati, Ohio on Monday, June 27, 2016.

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The Late Show with Stephen Colbert airing live, Thursday July 21, 2016 in New York. With guest Elizabeth Warren .

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Sen. Elizabeth Warren (D-MA) arrives in the Capitol for the on Tuesday, June 28, 2016.

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U.S. Sen. Elizabeth Warren (D-MA) (R) meets with Supreme Court nominee Merrick Garland (L), chief judge of the D.C. Circuit Court, April 14, 2016 on Capitol Hill in Washington, DC. Garland continued to place visits to Senate members after he was nominated by President Barack Obama to succeed the late Justice Antonin Scalia.

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Senator Elizabeth Warren, a Democrat from Massachusetts, listens as Janet Yellen, chair of the U.S. Federal Reserve, testifies during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, June 21, 2016. Yellen offered a subtle change to her outlook from less than a week ago, saying she and her colleagues were on watch for whether, rather than when, the U.S. economy would show clear signs of improvement.

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Sen. Elizabeth Warren, D-Mass., greets guests during a rally on the east lawn of the Capitol to urge Senate Minority Leader Mitch McConnell, R-Ky., to hold a vote on the 'Seniors and Veterans Emergency Benefits Act,' March 9, 2016. The legislation would provide a one time payment to seniors, veterans and other SSI recipients who will not get a cost-of-living adjustment this year.

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Senators Bob Corker (L) and Elizabeth Warren (R) speak before a Senate Banking Committee on the semiannual monetary report to Congress hearing in Washington, USA on February 11, 2016.

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Senator Elizabeth Warren (D-MA), talks with Rep. Elijah Cummings (D-MD) in the House chamber prior to President Obama's State of the Union speech on Capitol Hill in Washington, February 12, 2013.

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The increase in Title I funding, which would be financed by Warren's proposal for a 2% wealth tax on household assets beyond $50 million, would also cover an increase in teacher pay that she frequently mentions on the campaign trail.

Warren wrote that she would "push to cancel all existing student meal debt" and allot more money to the free school meals program. She would also push to prohibit the use of standardized testing as a significant factor in firing teachers, closing schools and other major decisions.

Warren would also impose transparency requirements on privately operated public charter schools and end federal funding for the creation of new charter schools, saying the Federal Charter School Program is an "abject failure," with many schools under investigation by regulators. She would ban for-profit charter schools outright and direct the Internal Revenue Service to investigate nonprofit charters that are run by for-profit entities or operate with the assistance of for-profit service providers. (Reporting by Amanda Becker; Editing by Lisa Shumaker)

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