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U.S. Rep. Ron Paul
education savings account

Book of Ron Paul

education savings account
Parent And Student Saving Account Act
18 June 1998    1998 Ron Paul 62:2
I certainly support the provision allowing parents to contribute up to $2,000 a year to education savings accounts without having to pay taxes on the interest earned by that account. This provision expands parental control of education, the key to true education reform as well as one of the hallmarks of a free society. Today the right of parents to educate their children as they see fit is increasingly eroded by the excessive tax burden imposed on America’s families by Congress. Congress then rubs salt in the wounds of America’s hardworking, taxpaying parents by using their tax dollars to fund an unconstitutional education bureaucracy that all too often uses its illegitimate authority over education to undermine the values of these same parents!

education savings account
Pell Grants
4 May 1999    1999 Ron Paul 37:4
Instead of increasing federal expenditures, Mr. Speaker, this Congress should respond to the American people’s demand for increased support of higher education by working to pass bills giving Americans tax relief. For example, Congress should pass H.R. 1188, a bill I am cosponsoring which provides a tax deduction of up to $20,000 for the payment of college tuition. I am also cosponsoring several pieces of legislation to enhance the tax benefit for education savings accounts and pre-paid tuition plans to make it easier for parents to save for their children’s education. Although the various plans I have supported differ in detail, they all share one crucial element. Each allows individuals the freedom to spend their own money on higher education rather than forcing taxpayers to rely on Washington to return to them some percentage of their own tax dollars to spend as bureaucrats see fit.

education savings account
March 9, 2000    2000 Ron Paul 15:7
* I am also cosponsoring the Make College Affordable Act (H.R. 2750), which makes college tuition tax deductible for middle-and-working class Americans, as well as several pieces of legislation to provide increased tax deductions and credits for education savings accounts for both higher education and K-12. In addition, I am cosponsoring several pieces of legislation, such as H.R. 1824 and H.R. 838, to provide tax credits for employers who provide training for their employees.

education savings account
October 11, 2000    2000 Ron Paul 85:7
Of course, I applaud all efforts which move in the right direction such as the Education Savings Accounts legislation (H.R. 7). President Clinton’s college tax credits are also good first steps in the right direction. However, Congress must act boldly — we can ill afford to waste another year without a revolutionary change in our policy. I believe my bill sparks this revolution and I am disappointed that the leadership of this Congress chose to ignore this fundamental reform and instead focused on reauthorizing great society programs and promoting the pseudo-federalism of block grants.

Texas Straight Talk

education savings account
- By Any Other Name, A Tax Is Still A Tax
27 October 1997    Texas Straight Talk 27 October 1997 verse 8 ... Cached
While my legislation is still working its way through the committee process, I signed on as an original cosponsor to a bill to let parents create special education savings accounts with tax-free interest. While this legislation was not as strong as I would have liked, I favor anything that gives parents more control over education.

education savings account
Federal government needs to step out of education
04 January 1999    Texas Straight Talk 04 January 1999 verse 12 ... Cached
Another useful tool for parents is the Education Savings Account. This would allow parents to place pre-tax dollars in designated accounts to spend on their children's education.

Texas Straight Talk from 20 December 1996 to 23 June 2008 (573 editions) are included in this Concordance. Texas Straight Talk after 23 June 2008 is in blog form on Rep. Paul’s Congressional website and is not included in this Concordance.

Remember, not everything in the concordance is Ron Paul’s words. Some things he quoted, and he added some newspaper and magazine articles to the Congressional Record. Check the original speech to see.

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