Video archive of the US Congress

House Proceeding 01-09-09 on Jan 9th, 2009 :: 0:39:00 to 0:43:20
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Lloyd Doggett

0:38:56 to 0:39:18( Edit History Discussion )

Lloyd Doggett: we need to use our power in order to go out to t that send us here. i thank, madam speaker -- i thank you, madam speaker, for the time. the speaker pro tempore: mr. burton. mr. naug bauer. mr. doggett. the gentleman is recognized for

Lloyd Doggett

0:39:00 to 0:43:20( Edit History Discussion )
Speech By: Lloyd Doggett

Lloyd Doggett

0:39:19 to 0:39:39( Edit History Discussion )

Lloyd Doggett: five minutes. mr. doggett: thank you, madam speaker. in these tough economic times, our families need all the support we can provide them. whatever we can do to assist ose who seek more education and training to better prepare themselves for that tougher, tighter job market and rising unemployment and underemployment

Lloyd Doggett

0:39:40 to 0:40:00( Edit History Discussion )

Lloyd Doggett: rates, we need to do. that's why today, representative tom perriello and i, joined by a number of our colleagues on the house ways and means committee, are introducing the college learning access simplicity and savings act. we want to put more students in class.

Lloyd Doggett

0:40:01 to 0:40:21( Edit History Discussion )

Lloyd Doggett: it will make our ability to assist students to gain access to our institutions of higher education mu easier. stud benefit from adecisional and more simplified tax credits for higher education expenses. last year, legislation that i offered simplified the student

Lloyd Doggett

0:40:22 to 0:40:42( Edit History Discussion )

Lloyd Doggett: financial aid forms. now this legislation will take out the 1040. today, higher education provisions are needlessly complex. it takes i.r.s. this 86-page brochure to explain to families how to use the existing tax cre

Lloyd Doggett

0:40:43 to 0:41:03( Edit History Discussion )

Lloyd Doggett: the complex process is so challenging that one in four eligible taxpayers don't claim any of the benefits available. it shouldn't take a certified public accounting to become a c.p.a. or a teacher or an engineer. this legislation would consolidate some of the existing provisions into a single

Lloyd Doggett

0:41:04 to 0:41:25( Edit History Discussion )

Lloyd Doggett: unified, easy to understand, higher education tax credit that is both more generous and easier to use. my bi credit currently up to ,800 per year with the above the line tax deduction for qualified tuition and expenses, currently

Lloyd Doggett

0:41:26 to 0:41:46( Edit History Discussion )

Lloyd Doggett: deductible up to ,000. we replace all of this with a new ,000 tax credit that is usable for undergraduate education and the first two years of graduate school, up to a up to half of this new tax credit would, for the first time, be refundable. that ensures that working folks,

Lloyd Doggett

0:41:47 to 0:42:09( Edit History Discussion )

Lloyd Doggett: families struggling to become part of the middle class, will no longer be excluded from this higher education tax credit this bill is, of course, no substitute for a substantial increase and acceleration of those increases congress has already enacted on pell grants, but tax relief done in a refoundable -- refundable form

Lloyd Doggett

0:42:10 to 0:42:33( Edit History Discussion )

Lloyd Doggett: can work hand in hand with pell grants to assure more opportunities. we are justifiably concerned with the federal deficit but there's a real opportunity deficit we need to be concerned with also. when our students are not able to achieve their full god-given potential, a deficit occurs and it is that deficit that opportunity deficit that this legislation seeks to address.

Lloyd Doggett

0:42:34 to 0:42:54( Edit History Discussion )

Lloyd Doggett: i respectfully call on our new president-elect to consider inclusion of this legislation in the economic recovery legislation that this congress must adopt just as soon as possible. investing in american students is an investment in america's future. putting america -- putting americans to work means ensuring

Lloyd Doggett

0:42:55 to 0:43:15( Edit History Discussion )

Lloyd Doggett: they have access to all the education for which each is willing to work. it was thomas jefferson who urged public support of higher education, wanting the youth of all our stites to quote, drink from the cup of knowledge. today there are students who are thirsty for that knowledge, but they confront a number of

Lloyd Doggett

0:43:16 to 0:43:21( Edit History Discussion )

Lloyd Doggett: challenges. mr. perriello and i and our colleagues hope to address those

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