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Gillibrand Calls for College Tuition Tax BreaksSubmitted by Phil Giltner on May 16, 2006 - 10:04am.
From the Times Union May 11 SARATOGA SPRINGS -- Kirsten Gillibrand went back to college Wednesday to discuss her proposal to let middle-class parents deduct up to $10,000 a year in college tuition. Standing outside the entrance to Skidmore College, surrounded by students and parents, Gillibrand criticized the Bush administration for cutting federal tuition assistance. Gillibrand, a Democrat, is seeking to replace U.S. Rep. John Sweeney, R-Clifton Park, in the 20th Congressional District. "Costs should not be what prevents them from getting a good education," Gillibrand said. "This is a tax cut for middle-class families." The tax cut would cost the federal government about $10 billion a year, she said. She said deciding on who gets tax breaks is a matter of setting priorities, she said. "Oil companies are getting $5 billion in tax breaks," she said. Lifting President Bush's tax cuts on those who make $1.2 million a year or more would save $56.2 billion, enough to pay for the program for five years. Over the long run, Gillibrand said, the tuition break would enable students to earn more when they graduate -- eventually ending in increased income tax to the government. The Democratic candidate later in the day accepted the endorsement of the Working Families Party. ( categories: Issues ) |
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