Paul Coverdell: “I thought in closing out this debate over whether or not we can get to this legislation, or whether we will continue to…”

“I thought in closing out this debate over whether or not we can get to this legislation, or whether we will continue to be filibustered, that it would be pretty interesting to compare two approaches about helping American families. One is ours, which will be in our budget, which we have just been talking about, which is an education savings account which allows a family to save up to $2,000 per year for use for an educational purpose, kindergarten through college. It is pretty straightforward. We just expanded the education savings account that was passed and signed by the President last year. In the President's budget, they are proposing a $2,000 solar tax credit for 'photovoltaic systems'. What are the uses of our savings account? After-school care; tutoring for special needs kids; a computer for every schoolchild; and special education. Who are the beneficiaries of the education savings account? Middle- and lower-income families; phased out for those making more than $95,000 a year.”