Reps. Sununu and McIntyre
February 12, 1997
in this forum:
What is your position on a balanced budget amendment to the Constitution? What is the status of legislation to help fund higher education? How should Congress address the Medicare issue? Paying for the President's education proposals. REP. MCINTYRE: Why are you a Democrat? REP. SUNUNU: What are the Republicans doing to investigate the taping of Newt Gingrich's phone conversation? REP. SUNUNU: What should be done to address the investment deficit in the United States?
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A question from Diane Reed of Standish, MI:
What is status of any pending legislation for financial assistance for education at the college level?
Rep. Mike McIntyre responds:
Diane, I see college education as a critical part of our overall educational system. We should do whatever we can to support our children and young adults in achieving the best education in the world. It is the wisest investment we can make concerning our future.
I agree with President Clinton that we need to ease the tax burden on families with children in college. I believe that America's future rests on our ability to make a vocational or university education available to all Americans.
I am exploring a $1,500 tax credit to make a typical community college or other two year program available to virtually everyone in the United States, and a $10,000 tax deduction for the cost of any tuition after high school at any program; undergraduate or graduate; and an expanded IRA you can withdraw from tax free for education; and the biggest increase in Pell Grants in 20 years. We can educate America with that program.
Rep. John Sununu responds:
The President has established a number of proposals for assistance for college education although some have not yet moved through the committee process. I support our current program of subsidized loans for college education, although I prefer the existing public-private partnership rather than the government bureaucracy of a direct loan program. He has proposed a tax credit for tuition for those with a B average or better as well as an increase in the maximum Pell Grant from $2,700 to $3,000.