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it out and the gain is not taxable if the money is used for education.
And there are a lot of reasons why, but we now have the international m
science test for the 4th, Sth, and 12th grade. I'll tell you an interesting
http://classified/email/data_source/exchange/record/cd009/aprl998/354f3a35.html 1/5/2010
The last point I'd like to make about that is I think the most important th
we can do is to continue our efforts to preserve education, opportunity, <
enhance the quality of education. I believe 30 years from now, when the
There are tax credits for the junior and senior year, for graduate school,
adults going back to get training, 300,000 more work-study slots. The ir
on student loans is finally tax deductible. There are many more Pell Gra
You can have an education IRA now; you can save for your kids' colleg
education
and you can put the money in and it's not subject to taxation. Then you <
urban areas where we haven't seen recovery, and will put more investmc
other kinds in those areas. And I think it's important. I think all America
who are enjoying this prosperity would like to know that their friends ar
neighbors in other parts of the country at least have their chance to parti
in it.
So we have a very strong strategy, which I hope and pray the Congress ’
adopt
this year, to go to a community-based economic development model tha
put
tax incentives for new investment where they ought to be, in the rural ar
So we've really worked hard to open the doors of college. Why is that sc
important? Because you all know that it's a ticket to a better future. And
one questions that America has the finest system of higher education in
world. Unfortunately, no one would seriously assert that on the whole o
system
of elementary and secondary education is the finest in the world. We kn
isn't.
The HOPE Scholarships give a $1,500 tax credit - not a deduction, a cr
for the first two years of college to American families. That covers the c
community college tuition in nearly every community college in the cor
not
every one, but most of them.
of this last two years is written and people talk about how we passed the
balanced budget in 30 years, the next most important thing about what v
that
budget is that I believe we can really say now we've opened the doors oi
college
to everybody who is willing to work for it.