Thomas Daschle: “Today Senators Breaux, Kennedy, Reid, Rockefeller, Mikulski, Ford, Dodd, Kerry, and I are introducing the Higher…”

“Today Senators Breaux, Kennedy, Reid, Rockefeller, Mikulski, Ford, Dodd, Kerry, and I are introducing the Higher Education Tax Relief Act of 1995. This legislation will provide tax relief for middle-income families who are trying to send their children to college or vocational or professional school, as well as to individuals who seek such educational opportunities. As I have noted on many occasions, our highest priority in the 104th Congress is to strengthen the financial security of working middle-income families. One of our greatest concerns is the increasing inability of many families to afford to send their children to college or vocational school. Pressures on State budgets are forcing public colleges and universities to increase the tuition and fees they charge to new students. Many private institutions are trying to fill the student aid gap by taking on the task themselves, but they are finding it more and more costly to do so. Our legislation will provide a tax deduction of up to $10,000 for tuition and fees associated with attending public and non-profit colleges and universities or vocational and professional schools.”