December 17, 2015 - Issue: Vol. 161, No. 184 — Daily Edition114th Congress (2015 - 2016) - 1st Session
AMERICAN OPPORTUNITY TAX CREDIT; Congressional Record Vol. 161, No. 184
(House of Representatives - December 17, 2015)
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[Page H9379] From the Congressional Record Online through the Government Publishing Office [www.gpo.gov] AMERICAN OPPORTUNITY TAX CREDIT (Mr. FATTAH asked and was given permission to address the House for 1 minute and to revise and extend his remarks.) Mr. FATTAH. Mr. Speaker, I rise today to acknowledge the fact that the American opportunity tax credit is going to become a permanent law as part of the tax extenders package. I introduced, as the prime sponsor, this legislation many years ago as part of the economic recovery efforts. It has provided well over $20 billion to millions of families, a $2,500 tax credit in which 40 percent is refundable. Over the next 10 years, the Congressional Research Service suggests that well over $60 billion will be provided to families to help meet higher education costs. So I want to just take a minute to pause and reflect on the fact that the work that we do here can, in fact, impact many, many lives. I want to thank my colleagues for their initial support of this program and for, today, our efforts that will be successful to make it permanent, along with the earned income tax credit and a number of other very important tax credits for American families. ____________________