Frank Pallone: “They are not going to make their percentage. That is what this is…”

On the recordMarch 5, 1996

They are not going to make their percentage. That is what this is about. This is not saying to hard-working middle class families you get the advantage, you get the incentive. Banks are doing OK. They can live without this. We want to give you a break, Mr. and Mrs. America. You want to have your kids get ahead. Do not take it away from hard-working families to cater to special interests and wind up hurting the family and the youngster. In that program in the State of Connecticut we will see 14 schools forced out of the direct lending program, losing over 14,000 loans.

Said by

Frank Pallone

Democratic · New Jersey

Source

govinfo.gov

Editor's note · Context

Discussing the impact of financial policies on middle-class families and education funding.

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Frank Pallone: “They are not going to make their percentage. That is what this is about. This is not saying to hard-working middle class…”

Editor's note · Context