Political Quotes

Paul Coverdell: “I want to speak briefly to the Bingaman amendment. First, I associate myself with the remarks of the Senator from…”

On the recordMarch 1, 2000
I want to speak briefly to the Bingaman amendment. First, I associate myself with the remarks of the Senator from Delaware. The Senator talked about the train that could and the train that will, but it will not if we adopt the Bingaman amendment because the Bingaman amendment neuters, makes moot, the education IRA, the education savings account. He takes the funding that is in the bill that is before us and shifts it to the Department of Education. It may be a rational goal or not; that can be debated. The bottom line is that everything Senator Roth of Delaware has just spoken to would be moot. All the advantages, the accumulation of funds that will allow families to more effectively deal with college costs or educational costs in general will disappear, end, be over, no train. This is about the third attempt from the other side to bring 'an apple pie goal' and use it as a tactic to defund educational savings accounts.
Said by
Paul Coverdell
Georgia
Source
govinfo.gov

Editor's note · Context

Discussing the implications of the Bingaman amendment on education savings accounts.

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