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Obama Asks Lawmakers To Extend Tax Credit Program For Tuition Assistance

October 26, 2010 by  

Obama asks lawmakers to extend tax credit program for tuition assistancePresident Barack Obama has called on Congress to extend the tax credit for individuals paying college tuition before it expires at the end of the year.

On Oct. 13, Obama asked legislators to make the American Opportunity Tax Credit (AOTC) program permanent, according to media reports. The tax break is part of the President's education plan, which also includes a cap on monthly student loan payments and a major reform of public schools.

The AOTC program will cost $58 billion over a decade. Obama has also criticized some Republicans for wanting to cut government spending on education by up to 20 percent.

"Nothing would be more short-sighted," Obama said, as quoted by CNN. "Cutting back would amount to unilateral disarmament [in a global education arms race]. We can't afford to do that."

However, a recent editorial published on the website MassLive.com criticizes the President for falling short in his proposal to fund the tax credits. Obama presented Congress with a list of potential new taxes, many of which would affect businesses, in order to pay for AOTC.

"Giving a hand to college students from middle-class families is a great idea. But not if it means closing the door to many opportunities they might have once they’ve got a degree in their hands," the editorial states. 

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  • s c

    Folks, it’s high time to start being very selective when it comes to people chasing degrees. Because of this administration’s psychotic approach to jobs, odds are that MANY young people with enter the job market, only to learn that there’s no need for human resources specialists or art majors or ‘community organizers.’
    Parents would do well to expect their kids to get into fields that net degree-holders JOBS. Why waste all that time and money, just to find out that the job market sucks even more than it did when the son or daughter enrolled?
    The job market is and will continue to be fickle. The trick is to get into a field where there are more openings than applicants. As a last resort, a degree-holder could flee to a nonprofit, but that’s like admitting that it’s maybe a cut above working at McDonald’s.
    Even the prez will admit that there’s no reason to spend 4 years at a college or a university if you wind up flipping burgers or scooping up fries at a choke and puke (or ‘working’ at the Post Office).

    • 45caliber

      I agree. I’m an engineer. It annoys me to see an article calling for 450,000 new engineers in four years when I know that there are less than 100,000 jobs available for them. The reason for the 450,000??? The colleges have that many seats open. But the jobs aren’t there.

      I told that to a student in our church. He said, “But our school councilor told me the jobs would be there. And I’m sure she wouldn’t lie about it!”

  • judy

    Only if they include helping white girls more will I agree with this. My daughter is not able to find much help, 1-2, until she is actually in school. Then it will be constant work for her to find and get the money plus get her schooling plus work part-time. I realize there are others out there in this situation and that is why it needs to change. White kids need help also.

    • Joyce from Loris

      Judy, you are so right. It is time to speak the truth! White KIDS period receive little to NO HELP. I really am against the government using my tax dollars to send ANYONE to college. Their parents and they should assume that burden if they want that education. But as long as the American government is giving away money for college to FOREIGNERS TO THE TUNE OF $20,000, then I say give to the American children first. But all people should be responsible for their children’s education, NOT the tax payers.

      • Al Sieber

        It’s time to send these commie S.O.B.’s to hell. some people tell me the elections will turn things around, other people say it won’t make a difference, I don’t know, but I sent in my ballot yesterday anyways. don’t expect white kids to get any help.

        • Robert S

          I remember when what a student did in high school was enough to seperate the dummies from the scholars. Now us taxpayers have to pay for their college to verify it.

        • http://?? Joe H.

          Al Sieber,
          I not real comfortable with those mail in ballots. I will march my little behind in on the second and vote then. I worry because the government is pushing them so hard. I invision them comming in and then they credit whom ever they want to! I’m probably being paranoid but it bothers me.

          • Al Sieber

            Joe H, you’re right, but I already mailed my in.

      • s c

        Judy and Joyce, I don’t know what the answer to your problem is, but I do know what the problem is called. It’s called ‘the selective enforcement of statutes.’ It is a specialty of the LOSERS in the White House and the AG.
        You’re dealing with a REVERSE DISCRIMINATION issue. This NO accident. It’s part of a decades-old, multi-pronged attempt to divide and conquer America via race-baiting, immunity from prosecution and the treasonous ‘talents’ of elected criminals who HATE America and are more than willing to do the bidding of their puppet masters.
        Good luck. It will be an uphill battle as long as America is infested with elected criminals, socialists, communists, fascists and progressives.

      • 45caliber

        A local man, last spring, took his graduating senior to University of Texas, where he himself graduated. They went in to sign up – and found that since he was a middle class worker, they couldn’t get any aid. In the conversation, he learned that the aid worker at the college had graduated herself a few years before.

        He asked her how she had afforded it. “My father moved off and left us when I was sixteen,” she said. “The government paid for my college.”

        He said that college degrees seemed to be for either the very rich kids or for government sponsored poor kids. The middle class was left in the cold. His son had to settle for a community college due to the costs.

  • jopa

    AL SIEBER What’s up with you and your hate of white kids?When I vote it will be for the benefit of all of our kids and anyone for the extension tuition tax credit program.

    • Al Sieber

      jopa, who said I hated white kids, or any kids for that matter? where did I say that? how much do you get paid to spew your liberal venom?

      • Al Sieber

        Hey Jopa, you still didn’t answer my question.

    • s c

      J, may you live long enough to make sense at least once a year. The topic is ‘Extended Tax Credits for Tuition Assistance.’ It is NOT a matter of people who don’t like ‘white kids.’ D U H !

      • 45caliber

        s c:

        Jopa actually made some sense yesterday, so that is it for him/her this year.

  • Mary M

    This is a laugh out loud moment. Wonder why Prez O is bringing this
    up NOW? Could it be to get the student/parents vote? How cynical
    of me!

    • Al Sieber

      Mary M, that’s a good point, and makes perfect sense, who knows what else they’ll try.

    • 45caliber

      Actually, he’s keeping the options open for his own kids so he doesn’t have to pay for them himself.

  • Mark

    So sorry students, you’ll have to get a job and fund yourself, like I did. Until the millions on social security and disability get a raise again, no credits for anyone. If that kenyan imposter wants to do something for the elderly people of this country, try freezing all permit fee amounts, phone fee amounts, county taxes, house insurance rates, freeze them all. I do not know who the liar is but I would like to eliminate him or her for saying the cost of living has not gone up enough to warrant a raise for ss and disability and vets. I urinate in their faces and they are too dumb to realize my disrespect.

    • 45caliber

      I know what you mean. I just got my property tax bill. It went up 17%. And my pay certainly didn’t!!

  • eddie47d

    Some countries spend billions on sending their young adults to college and universities. Have any of you figured out why some of these countries are moving ahead and growing their economic base? You all say you want smarter people running this country and creating jobs. Then you turn around and sucker punch that very belief. I think the AOTA students should have to take certain courses for jobs that grow America.(engineers ,medicine, scientists).Don’t cut this country off at the knees when we need a clear edge over these other nations. It’s hardly the time or place to do your Obama bashing dance.

    • http://none Mike

      Eddie as opposed to ours. Which is Liberal arts,Sports Science,law and wow At the university of Tn. I could even get a degree in social studies. No the problems go way deeper than the funding here. This is what happens when people see a degree as the only qulification for being smart. I once knew a guy when I was 17 who I worked with who had 3 degrees. You know what he did for a living washed dishes. His degrees really served him well. Untill we really buckle down and actually teach and expect people to learn(not this outcome based system we now have) we are going to continue to slip against the world in education and jobs for that matter.

  • http://none Mike

    The problem is’nt really the tax cut or anything of the like. If you look back over the years you can link the rise in tuition to the rise in goverment sponserd loans for education. Much like the houseing market the prices of tuition have risen in link to goverment backed loans. These loans are paid whether the student succedes or not. Its a money grab by most institutions of education in america. Look at this as another public school program these schools even the ones that are failing the students still get paid the same amount as the schools that are succeding.The teachers in these schools are paid whether or not they educate the students or take a paid nap all day(from experiance there )These problems will continue untill we get the goverment out of the education market and put it back into the states and peoples hands.Imagin the improvements in education if the teachers were paid on results not on tenure. Mike L.

    • 45caliber

      I certainly agree there!

      • http://none Mike

        Yea that from experiance remark was for a teacher I had in 9th grade english. She had a bottle of vodka and a perscription for valiume in her desk. By 3rd period she was sleeping in the arms of prince valiume and snokerd. I am 42 so that really wasent all that long ago. I learned more by 3rd grade in an old one room school than I learned from there on out. I might add there too in the rual area I grew up in the teachers were mostly volenteer and the school was built by the local feed store owner on his own property. How much better off could we be if education was more important than the pay and the cushie job that its turned into. And dont even let me go into the area of indoctrination that goes on now in the name of education(earth day anyone) Mike L.

        • 45caliber

          I know what you mean. I went to a school 3rd-5th grade that had all classes in one room through the 6th grade. My class was the biggest – we had nine people in ours!

          If you look, all the “improvements” in education are meant only to make the work easier on the teachers – not to better teach the students. I had a nephew who went a year in a special project that was meant to allow the students to “learn at their own speed”. Basically, it meant that the teacher gave them their books at the start of the year, told them to study at their own pace and she was there if they had any questions, and then she read library books the rest of the year. None of them learned – and none of them were ready for the next year(s) of school either. He ended up dropping out since the students who hadn’t been in his class were so far beyond him he could scarcely talk to them.

          • http://none Mike

            Yea sounds alot lke where I started in school. I wonder some days had that school never burned down how much better off I might have been. Not to say though that all teachers are bad I had an english teacher in the 10th grade that kinda helped me rcover from the one’s in 8th and 9th grades. She kicked me in the butt(literally) and told me I was better than I was putting out in her class. Shifted my whole attitude twords education at that point (and the location of my wallet)went from a c avarage student to A’s and B’s went on later that year to write an article on neculear winter and the effects of a global neuclear war that actually was sent for publication in scientific weekly(not shure if it ever got published though>this was during the time Reagen was ramping up the cold war). Now a teacher like her would be one of the teachers that would get fired now for abuseing little Jhonny Terror. Mike L.

  • barbmiller

    my sons are in college and are elligible for pell grants. this is great. what upsets me is, after they pay all tuition and buy all books, they still have between $500 and $800 left over. why so much? i worked while in college and see no reason they can’t as well. and, if the students get scholarships, the pell grant should be cut by that amount. could save a LOT of money just on those 2 things.

    • http://none Mike

      Right now Barb that might be harder than you think. With the unemployment rate at what it is there are fewer jobs out there for them to work at. Have you noticed how at any of your local fast food resturants that the people that work there are decidedly older than they used to be? This is a direct result of the bad economy. The jobs that were once available to collage and highschool students are being taken by mid to older age adults. This is a real boon to thoes places though because they no longer have to work around student scheduals.So I am afraid untill the employment situation changes this is going to be a reality for said students. Mike L.

  • Mick

    Before people go ape-shit on this crazy idea I think America has spent enough already on too many programs and knowing what the democrats stand for we’re about to bite more than we can chew…
    College is well over rated to start with…….

    Now on another note , I think its important for people to face…….

    BUCHANAN TO OBAMA

    Finally…………It is Said Publicly. I have never seen the white side explained better! Pat Buchanan had

    the guts to say it. It is about time.

    BUCHANAN TO OBAMA
    By Patrick J. Buchanan

    Barack says we need to have a conversation about race in America .. Fair enough. But this time, it has to be a two-way conversation.. White America needs to be heard from, not just lectured to… This time, the Silent Majority needs to have its convictions, grievances and demands heard. And among them are these:

    First, America has been the best country on earth for black folks. It was here that 600,000 black people, brought from Africa in slave ships, grew into a community of 40 million, were introduced to Christian salvation, and reached the greatest levels of freedom and prosperity blacks have ever known.. Wright ought to go down on his knees and thank God he is an American.

    Second, no people anywhere has done more to lift up blacks than white Americans. Untold trillions have been spent since the ‘ 60s on welfare, food stamps, rent supplements, Section 8 housing, Pell grants, student loans, legal services, Medicaid, Earned Income Tax Credits and poverty programs designed to bring the African-American community into the mainstream. Governments, businesses and colleges have engaged in discrimination against white folks — with affirmative action, contract set-asides and quotas — to advance black applicants over white applicants. Churches, foundations, civic groups, schools and individuals all over America have donated their time and money to support soup kitchens, adult education, day care, retirement and nursing homes for blacks.
    We hear the grievances. Where is the gratitude??

    Barack talks about new ‘ladders of opportunity’ for blacks. Let him go to Altoona ? And Johnstown , and ask the white kids in Catholic schools how many were visited lately by Ivy League recruiters handing out scholarships for ‘deserving’ white kids…? Is white America really responsible for the fact that the crime and incarceration rates for African-Americans are seven times those of white America ? Is it really white America ‘s fault that illegitimacy in the African-American community has hit 70 percent and the black dropout rate from high schools in some cities has reached 50 percent?

    Is that the fault of white America or, first and foremost, a failure of the black community itself?

    As for racism, its ugliest manifestation is in interracial crime, and especially interracial crimes of violence. Is Barack Obama aware that while white criminals choose black victims 3 percent of the time, black criminals choose white victims 45 percent of the time?

    Is Barack aware that black-on-white rapes are 100 times more common than the reverse, that black-on-white robberies were 139 times as common in the first three years of this decade as the reverse?

    We have all heard ad nauseam from the Rev. Al about Tawana Brawley, the Duke rape case and Jena . And all turned out to be hoaxes. But about the epidemic of black assaults on whites that are real, we hear nothing.

    Sorry, Barack, some of us have heard it all before, about 40 years and 40 trillion tax dollars ago. This needs to be passed around because, this is a message everyone needs to hear!!!

    OK………..

    will you pass it on ?

    YES. I did but will you?

    Because I’m for a better America

    Honor our Veterans – it’s the right thing to do.

    I am
    Not racist,
    Not violent,
    Just not silent anymore.

    • Al Sieber

      Hey Mick, don’t worry about it. if you were politically correct you wouldn’t be telling the truth, keep up the good work.

  • http://com i41

    It is a democrat socialist mind set. Keep the people of any race feeling like a victum. Ckeck out the money and jobs specificaly for minorities, also when I read the equal pay for equal work, now women are making more than men, and the so called facts, hours worked were never added into the equation. Go to any company hiring, after the requirement of so many minorities on the assembly lines, the do overs on any equipment went up 60%. The attitude of showing up for work when they feel like it or don’t feel like working, has always been a problem. The idea that USA needs more college degreed do nothing productive, no wonder government employment is the only place these people can get a job. Onumnutts is a good example ,same as his big Mammee. Book smart and dumber than a damn rock.

  • Joe

    The American educational system is in a huge bubble that is going to burst. The State and Federal government may keep it propped up for a while but they cannot hold off the inevitable forever.
    The lack of jobs for graduates, the useless stuff that is taught in 80% of the classes, along with the fact that the governments are not going to be able to pay the unrealistic costs of a typical four year degree, will make bring the whole thing down. And furthermore as our manufacturing jobs move overseas, so will our young graduates, where they will stay and raise families. So the best and brightest of our people and their children will continue to live, earn and learn overseas. Those that stay here will be taking all courses online. America will be left with a broke education system, in deteriorating ivy covered buildings, teaching Government slave students how to be good little socialists.
    It will be just another unintended consequence of the government taking over our educational system as they did when they nationalized all the student loans as part of the health care bill.
    See http://seekingalpha.com/article/224333-visualizing-the-u-s-higher-education-bubble

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