[Congressional Record Volume 146, Number 36 (Tuesday, March 28, 2000)]
[House]
[Page H1419]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




        THE EDUCATION SAVINGS AND SCHOOL EXCELLENCE ACT OF 2000

  (Mr. SMITH of Michigan asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. SMITH of Michigan. Mr. Speaker, this week the House is 
considering H.R. 7, the Education Savings and School Excellence Act of 
2000.
  For years, we have watched as our education quality has gone way 
below the standards set by other nations. For example, the U.S. 12th 
graders currently test among the lowest among the industrialized 
nations in math and science.
  If our Nation is to continue setting the standard for the rest of the 
world in science, research, and technology, then we must take steps now 
to help ensure that each child learns to their maximum ability.
  Mr. Speaker, this education savings account will allow a Roth-type 
IRA for investment to help assure the best possible education for 
academic tutoring, for books, for fees, computers, special education 
services and other education need.
  I understand Vice President Gore has now supported tax credits, tax 
deductions for contributions that will go into political campaigns, but 
he has denied support for this bill that allows families to have some 
kind of tax incentive for savings to help assure the best possible 
education.

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