On the recordMay 9, 2006
Thank you so much. So much of what you have just said makes sense. You talked about common sense. We could call this suburban agenda the common-sense agenda really, because when moms and dads sit at home and they try to figure out how to take care of their health or their child's safety or their child's college education, they want to know whether or not they are going to be able to make that happen. One of the ways to do that is obviously through increased savings. When Congress finds something that works, we ought to do it, we ought to do more of it, especially when it results in greater savings and greater prosperity for so many individuals across our land. So with the success of retirement security and the 401(k) plans and the success of the 529 plans that you mentioned, we ought to build on that success. That is exactly what the 401-kids family savings account does. I think it is important. Education really is a key to advancing in society. But a college education isn't right for every single person. What the 401-kids family savings account recognizes is that that money may be best used for purchasing a first home, or for starting a new business for a child or with a child. That is expanding the success that we have had with the 529 plans, common-sense kinds of solutions that I think will be embraced by this entire House and, frankly, by all of America.
Source
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