making education affordable, whether at the college level or at the primary and secondary level, has to be one of the primary concerns of Congress. Our Republican tax bill adopted this year contained provisions that provided real tax relief for families that were paying tuition. But unfortunately, at the end of the conference with the administration, the administration demanded that key provisions be stripped out or that the bill would be vetoed. Specifically the Clinton administration opposed tax relief for prepaid tuition plans like we have in Pennsylvania and tax relief in the form of a parent and student savings account plus, which would provide up to $2,000 a year for an education savings account with the buildup of interest to be tax free. Mr. Speaker, I strongly support the legislation introduced by Speaker Gingrich in the House and Senator Coverdell in the Senate to create an education savings account to make education affordable and make the American dream more accessible. Mr. President, please realize this issue is not going to go away. We will not go away until working families and students get the tax relief they deserve. We are going to push this issue this year.
Editor's note · Context
Addressing the need for affordable education and tax relief for families during a congressional debate.
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