Posted on 06/09/2007 5:40:59 PM PDT by Remember_Salamis
Family Education Freedom Act of 2007 (Introduced in House)
HR 1056 IH
110th CONGRESS
1st Session
H. R. 1056
To amend the Internal Revenue Code of 1986 to allow individuals a credit against income tax for tuition and related expenses for public and nonpublic elementary and secondary education.
IN THE HOUSE OF REPRESENTATIVES
February 14, 2007
Mr. PAUL (for himself, Mr. FEENEY, Mr. RUSH, and Mr. SENSENBRENNER) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to allow individuals a credit against income tax for tuition and related expenses for public and nonpublic elementary and secondary education.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Family Education Freedom Act of 2007'.
SEC. 2. CREDIT FOR TUITION AND RELATED EXPENSES FOR PUBLIC AND NONPUBLIC ELEMENTARY AND SECONDARY EDUCATION.
(a) In General- Subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to nonrefundable personal credits) is amended by inserting after section 25D the following new section:
`SEC. 25E. TUITION AND RELATED EXPENSES FOR PUBLIC AND NONPUBLIC ELEMENTARY AND SECONDARY EDUCATION.
`(a) Allowance of Credit- In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the qualified educational expenses paid during such taxable year for the elementary or secondary education of any dependent (as defined in section 152) of the taxpayer at a qualified educational institution.
`(b) Limitation- The credit allowed by this section shall not exceed $5,000 per student for any taxable year.
`(c) Definitions- For purposes of this section--
`(1) QUALIFIED EDUCATIONAL EXPENSES- The term `qualified educational expenses' means cost of attendance in connection with the elementary or secondary education of the student at a qualified educational institution. Under regulations prescribed by the Secretary, rules similar to the rules relating to cost of attendance (within the meaning of section 472 of the Higher Education Act of 1965 (20 U.S.C. 1087ll) (as in effect on the date of the enactment of this paragraph) shall apply for purposes of the preceding sentence.
`(2) QUALIFIED EDUCATIONAL INSTITUTION- The term `qualified educational institution' means any educational institution (including any private, parochial, religious, or home school) organized for the purpose of providing elementary or secondary education, or both.
`(d) Cost-of-Living Adjustment-
`(1) IN GENERAL- In the case of any taxable year beginning in a calendar year after 2007, the $5,000 amount contained in subsection (b) shall be increased by an amount equal to--
`(A) $5,000, multiplied by
`(B) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins by substituting `calendar year 2006' for `calendar year 1992' in subparagraph (B) thereof.
`(2) ROUNDING- If any increase determined under paragraph (1) is not a multiple of $10, such increase shall be rounded to the next highest multiple of $10. In the case of a married individual (as determined under section 7703) filing a separate return, the preceding sentence shall be applied by substituting `$5' for `$10' each place it appears.
`(e) Regulations- The Secretary shall prescribe regulations to carry out this section, including regulations providing for claiming the credit under this section on Form 1040EZ.'.
(b) Clerical Amendment- The table of sections for subpart A of part IV of subchapter A of chapter 1 of such Code is amended by inserting after the item relating to section 25D the following new item:
`Sec. 25E. Tuition and related expenses for public and nonpublic elementary and secondary education.'.
(c) Effective Date- The amendments made by this section shall apply to amounts paid in taxable years beginning after December 31, 2006.
Israel should not have given up Gaza. Now they are suffering from that decision. If they give up the Golan they will suffer more.
The support Paul has is with Libertarians, Pro-Hemp groups and Truthers. He has shown us that over and over again. He has no real Republican support, coming in at between 1% and 0% in most Republican polls.
“I don’t know any President in our history who is as much an extremist as Ron Paul is”.
Try George Washington and Thomas Jefferson.
BTW, Paul is my Congressman and I’m proud to vote for him.
You are exactly right; that is what a VOUCHER would do, and that is why Ron Paul is opposed to vouchers.
This allows taxpayers to write off education expenses up to $5,000, with a dollar-for-dollar refund (instead of just a deduction).
Big difference.
I’ve got my first Omahans for Ron Paul Meetup Group on the 13th; can’t wait.
Any proof, or just pulling it out of your a*s?
You have a legitimate poll that shows Paul scoring more than “0”? Post it then.
http://www.galluppoll.com/content/?ci=27598
“Other” and “none” scores more points than Paul. LOL
Ron Paul elected: More freedom.
ANYONE ELSE elected: Less freedom.
You "conservatives" who don't support Dr. Paul because he won't sign on to your endless war or endlessly-growing government are a big part of the problem. Stop caring for your "team" (who BTW have betrayed everything you stand for in every way possible) and start caring about your country.
Dr. Paul is one of the few limited government conservativesWasn't he ... did he belong to ... didn't he first come out as ...
A LIBERTARIAN?
So ... why the continual 'white-wash' now?
.
.
An aside: These people call themselves 'conservative' because they get NO traction among their core base, the Alex Joneses of the world ...
LOL.
When Republican’s are polled, Ron Paul consistantly ranks very low. For example, he is at 1% in the latest Gallup poll of Republicans.
http://www.usatoday.com/news/washington/2007-06-04-poll-results_N.htm
Here is a video of Ron Paul supporters outside the Democrat debate on June 3rd, 2007. They are of the 9/11 was an inside job truther crowd. Now, Ron Paul could be a truther or he could just be a truther enabler. He does regularly appear on the Alex Jones radio show. He also has said that he believes JFK was killed by our government. That conspiracy, while easily debunked, does not bother me as much as 9/11. Your beliefs on 9/11 directly affect our national security and our future.
So, Ron Pauls support seems to come from 9/11 truthers.
Here is an audio interview of the Ron Paul supporters who were arrested at the Republican Debate this week, on the John Gibson Show . Yep, Truthers again
Thanks for posting that about Ron Paul and 9/11 - it’s worrying, isn’t it, that he has so much support from the “Truthers”? Not to mention that Ron Paul is completely anti-semitic; what a surprise, eh? Lovely combination - a moonbat AND he hates Jews - lovely!
Dr. Paul hehehehehehehehehe great joke.
anti-semitic?
Conservatism was re-written apparently.
Most of the “conservatives” on FR consider the Constitution quite fungible. It only is an issue when there’s a (D) at 1600.
War on Poverty
War on Drugs
War on Terror
Endless Big Brother
When it comes to understanding the Constitution, a signer of the document himself warned:
“Do not separate text from historical background. If you do, you will have perverted and subverted the Constitution, which can only end in a distorted, bastardized form of illegitimate government.” (James Madison)
Well unfortunately that’s what we have.
Freedoms don’t matter - it’s all about the (R)’s and (D)’s.
So many sell-outs.
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