September 4, 2002
Education Affordability Act of 2002
(Rep. Hulshof (R) Missouri)
The Administration strongly supports House passage of H.R. 5203. The
Administration is pleased that the House is acting now to make an important
part of the President's
tax relief plan permanent. This legislation would
further two of the President's top priorities permanently lowering
the tax burden on the Nation's families and increasing and improving their
Making education tax relief permanent is consistent with the President's
strong commitment to improving educational opportunities for all students
in America, as seen in the "No Child Left Behind Act of 2001,"
landmark legislation that promotes educational excellence in the Nation's
public schools. Providing permanent education tax relief would help many
Americans to save for higher education and expenses associated with attendance
at elementary and secondary schools, thus improving access to all levels
The Administration also supports allowing the use of Coverdell education
savings accounts to pay expenses incurred for academic tutoring, special
needs services, books, supplies, and equipment by students who attend
home schools. The Administration will work with Congress to clarify that
the expansion of Coverdell education savings accounts to home schoolers
is limited to these expenses.
The Administration urges quick action in the Congress to make education
tax relief permanent and expand these provisions to home schooling families
in order to continue the President's education reform agenda.
Any law that would reduce receipts or increase direct spending is subject
to the PAYGO requirements of the Balanced Budget and Emergency Deficit
Control Act (BEA) and could cause a sequester of mandatory programs in
any fiscal year through 2006. The requirement to score PAYGO costs expires
on September 30, 2002, and there are no discretionary caps beyond 2002.
The Administration will work with Congress to ensure fiscal discipline
consistent with the President's budget and a quick return to a balanced
budget. The Administration will also work with Congress to ensure that
any unintended sequester of spending does not occur.