On the recordJanuary 17, 2007
And the gentleman is correct in that. This is for ones who have graduated and then you are earning an income and then you start to pay a loan back. Now, the Republican philosophy, the conservative philosophy on this is, let's get more people into the classroom. Let's help people afford that. Let's allow deductions for families so that they have the opportunity to work hand in glove with their children to make a better education possible. You can go back to 1996 when the section 529 plans came in. Save for college. You, the wage earner, the taxpayer, the mom, the dad, take the responsibility for this and tackle it as a family. That is part of the American dream, working together to realize that dream. And Mr. Speaker, I tell you what. That is something that is proactive. That is something that gives the power to the individual, not taking it away and saying hey, we are going to cloister it away in Washington, D.C. and you want to go to college, come talk to us. We don't believe in that.
Source
govinfo.gov




