Political Quotes

Paul Coverdell: “Last year, with the President's cooperation, Congress initiated and he signed an education savings account that was only…”

On the recordJune 23, 1998
Last year, with the President's cooperation, Congress initiated and he signed an education savings account that was only $500, and only for higher education. This proposal... says that we will make the $500 go up to $2,000. You can save four times as much. You can use it for higher education or for any grade, kindergarten through high school. This has taken what we celebrated with bands and celebrations on the White House Lawn last year and made it broader. It is not just $500 for higher education now, it is $2,000. It is not just for higher education, it can be used for kindergarten all the way through high school, or higher education. We use the identical criteria that we used to determine which middle-class families could use it. It is the same.
Said by
Paul Coverdell
Georgia
Source
govinfo.gov

Editor's note · Context

Discussing the expansion of education savings accounts during a Senate floor debate.

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