On the recordMay 23, 1997
I understand the intent of the amendment offered by the Senator from Minnesota in terms of expanding the Pell Grant Program, and I am pleased the budget agreement includes increasing the maximum grant by $300. Unfortunately, the Senator's amendment is in violation of the budget agreement, so I am offering an amendment that says we shall include two types of tax cut proposals in the $35 billion postsecondary educational tax cut package in this budget agreement. One proposal would provide incentives for parents and students to save for a postsecondary education. The other proposal would be to try to offset the debt that is incurred by students as a result of borrowing to attend college. My amendment is consistent with the objectives that were put forward in the budget agreement, as agreed to by President Clinton and the negotiators, and I urge its adoption.
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