All these students lose out. The impact is serious. According to the Department of Education, about half of all students pursuing a higher education attend part time, which inevitably extends the time it takes for them to complete the degree. Eliminating a tax incentive for higher education that takes more than 4 years away will deal a blow to nearly 2 million students across America who claimed the Lifetime Learning Credit, or they did in 2013. Of these, about a million earn less than $40,000 a year. That is who is being cut by this. I have legislation that over 100 of our colleagues have joined to do all the streamlining they talk about, but to make the American Opportunity Tax Credit permanent and to ensure that we don't cut out benefits to students who are counting on these benefits. We need to reject this bill. The SPEAKER pro tempore. The time of the gentleman has again expired.
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