Political Quotes

“education is critically important to the future of our Nation. I venture to say every Democrat and Republican who is in Congress would agree with that statement. In order to assist parents in financing their children's education, this Congress passed into law education IRAs. In a nutshell, they allow parents to set aside some of their hard-earned money for their kids' education and get some tax relief for doing so. But a constituent of mine, John Michael, who happens to be a tax accountant, says there is a glitch in the law that needs to be fixed. I agree with him. With most IRAs, the taxpayer has until April 15 to make a contribution for the previous tax year, but under current law the education IRA's contribution must be made by December 31. I would ask my Democratic and Republican colleagues to support my Education IRA Fairness Act which I introduced last week. It brings the education IRAs into line with all other IRAs, and it will improve education in this country.”