I think it is intelligent to provide tax support for people who want to provide their children an education to be able to deduct those costs. The cost of a college education, I think, makes eminently good sense, obviously, for the young person in that family, for the family itself, but also, very importantly, for the entire country, because our society benefits every time we graduate another person from college, another person with an advanced degree. That person goes out, applies that learning, and it is a synergistic effect. It is a situation where all of this education coming together, working out there, higher and better education all the time, creates a circumstance where the whole is more than the sum of the parts. It is a very good investment, indeed. But these guys here, the Gingrich crowd in this House, they have never seen a problem that a tax cut for a millionaire would not solve.
Maurice Hinchey: “I think it is intelligent to provide tax support for people who want to provide their children an education to be able…”
On the recordSeptember 19, 1996
Source
govinfo.govEditor's note · Context
Discussing the importance of tax support for education and criticizing tax cuts for the wealthy.
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