Weekly News via Email
   Set as homepage | Add to favorites | Customer Service | Subscribe Now | Place an Ad | Contact Us | Sitemap Friday, 09.19.2014
Classifieds
News Archive
Su Mo Tu We Th Fr Sa
 1  2  3  4  5  6
 7  8  9  10  11  12  13
 14  15  16  17  18  19  20
 21  22  23  24  25  26  27
 28  29  30  31
Online Extras
Site Services
Around Bend
Outdoor Fun
Travel Info
Shop Local




Members Of



Poll: Today's Live Poll
Email to a friend | Print this | PDF version | Comments (0 posted) 
  Blogger |   del.icio.us |   digg |   newsvine

Jan 26,2007
Senator Smith fights to extend education tax credits
by Bend Weekly News Sources

 
Senator Smith wants to make permanent a tax benefit for teachers to deduct classroom expenses. 
U.S. Senator Gordon H. Smith (R-Oregon) ran into a roadblock Thursday on his way to making permanent a critical education tax provision utilized by 65,000 Oregonians in 2004.  

“We need to make it easier for parents to send their kids to college,” Smith said.  “Educating our citizens is critical if we want to remain competitive in the global economy.  Rising tuition costs make it very difficult for American families to cover these expenses on their own.  It is important Congress extends the education tax benefits that are helping families pay tuition costs.”

Senator Smith proposed amending the Fair Minimum Wage Act to make permanent or extend a variety of education tax benefits.  Senator Smith’s amendment would have:

  • Made permanent the tax deduction for qualified tuition and education related expenses that helped 4.5 million middle-income Americans families and 65,000 families in Oregon in 2004 deduct up to $4,000 from their tax returns.  This provision is set to expire in 2007.   

  • Made permanent the higher $2,000 contribution limit to Coverdell Education Savings Accounts.  In addition, would permanently allow money in the accounts to be used to pay for elementary and secondary education.

  • Raised to $400 and made permanent a tax benefit for teachers to deduct classroom expenses

  • Made permanent a provision that allows an employee to exclude up to $5,250 a year in education assistance from their employer from being counted towards their gross income

The Senate rejected adding the education tax provisions by a vote of 43 to 50.  Senator Smith pledged to continue working to extend the tax provisions.    

2058 times read

Related news
Smith: Battlefield pay cuts hurt military families by Bend_Weekly_News_Sources posted on Mar 30,2007

Tax Relief Extension Helps Oregon Taxpayers by Bend Weekly News Sources posted on Dec 26,2006

Invest more in Head Start, Senator Smith says by Bend_Weekly_News_Sources posted on Mar 13,2007

Smith pushes for safety net extension by Bend_Weekly_News_Sources posted on Mar 02,2007

Oregon House Speaker Jeff Merkley to run for US Senate by Bend_Weekly_News_Sources posted on Aug 03,2007

Did you enjoy this article? Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00Rating: 5.00 (total 28 votes)

Market Information
Breaking News
Most Popular
Most Commented
Featured Columnist
Horoscope Guide
Aquarius Aquarius Libra Libra
Aries Aries Pisces Pisces
Cancer Cancer Sagittarius Sagittarius
Capricorn Capricorn Scorpio Scorpio
Gemini Gemini Taurus Taurus
Leo Leo Virgo Virgo
Local Attractions
Bend Visitors & Convention Bureau
Bend Visitors & Convention Bureau

Mt. Bachelor Resort
Mt. Bachelor Resort

Les Schwab Ampitheater
Les Schwab Ampitheater

Deschutes County Fairgrounds
Deschutes County
Fairgrounds

Tower Theatre
Tower Theatre

The High Desert Museum

Advertisements



Deschutes County

Google  
  Web    BendWeekly.com
© 2006 Bend Weekly News
A .Com Endeavors, Inc. Company.
All Rights Reserved. Terms under
which this service is provided to you.
Please read our Privacy Policy. Contact us.
Bend Weekly News & Event Guide Online
   Save the Net
Advertisement
External sites open in new window,
not endorsed by BendWeekly.com
Subscribe in NewsGator Online
Add to Google Add to MSN Add to My AOL
What are RSS headlines?