Political Quotes

“On Wednesday, the Rules Committee met and reported a rule for consideration of two measures, H.R. 3393, the Student and Family Tax Simplification Act, and H.R. 4935, the Child Tax Credit Improvement Act of 2014. The resolution provides a closed rule for consideration of these two measures, as is customary with tax legislation. In addition, the resolution provides for 60 minutes of debate equally divided between the chairman and ranking member of the Committee on Ways and Means for both H.R. 3393 and H.R. 4935. And it provides for a motion to recommit on each bill. Finally, Madam Speaker, the rule combines both H.R. 3393 and H.R. 4935 before sending it to the other body. Madam Speaker, with tuition prices continuing to climb, more Americans are struggling to plan for and afford higher education. Today's broken Tax Code makes it even harder to pay for college, with 15 complicated, overlapping education provisions that take the IRS 90 pages to explain. We need to simplify education tax benefits so families can actually use them, and we need to get our economy back on track so students and families are earning enough to afford a good education. H.R. 3393 takes a good first step. It consolidates four current tax benefits for higher education, the American opportunity tax credit, the Hope Scholarship credit, the lifetime learning credit, and the college tuition deduction into a new, simplified and, most importantly, permanent tax credit. In addition, H.R.…”