Tax Free Education

NPR's Claudio Sanchez reports that a bill that would allow families to avoid paying federal taxes on money saved for education, is scheduled for a vote today in the U.S. House of Representatives. The bill, sponsored by Congressman Kenny Hulsof of Montana, would increase the current tax-free education savings account limit from five hundred to two thousand dollars. It would allow religious groups, businesses, and non-profit organizations to create these accounts. House Democrats and the Clinton administration plan to block the proposal because they say it provides little benefit to families with children in public education.

Copyright © 2000 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

Copyright © 2000 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.