Mike Levin: “When one looks at the deduction for college tuition in the bill, one finds, at least to my amazement, that it does not…”

“When one looks at the deduction for college tuition in the bill, one finds, at least to my amazement, that it does not get fully phased in until 2004 and then it sunsets; it gets wiped out in 2006. We should do a lot better than that for this important deduction, and this amendment will provide the full deduction immediately and pays for it by using part of the top tax bracket reduction. An awful lot of people will benefit from this amendment helping to get students through college by having a real college tuition deduction, not just rhetoric but real, and be available now and not sunsetted 2 years after it is fully phased in.”