[Congressional Record Volume 144, Number 135 (Thursday, October 1, 1998)]
[House]
[Page H9191]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        TAXPAYER PROTECTION ACT

  (Mr. ENGLISH of Pennsylvania asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. ENGLISH of Pennsylvania. Mr. Speaker, in my district in Western 
Pennsylvania people are concerned with real pocketbook issues, like 
having the money to send their kids to college. The Taxpayer Protection 
Act, which we passed last week, provides much needed tax relief for 
working families and middle class taxpayers by building on our previous 
accomplishments.
  Last year, this Republican Congress provided tax exempt status to 
qualified state prepaid tuition account programs. These programs will 
allow families to buy college credits at today's prices and bank them 
for the future, avoiding tuition inflation and making college costs 
more manageable for many families on tight budgets.
  The Republican tax bill goes one step further than last year's bill 
by leveling the playing field and awarding the same preferential tax 
treatment to private prepaid programs.
  Mr. Speaker, the Taxpayer Relief Act helps students achieve their 
dream of a college education and, through it, the American dream. This 
is good legislation that lifts some of the tax burden on the middle 
class and gives them the opportunity to save for their children's 
college education.

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