House Budget Committee Wary Of Education Tax Incentives

Law360, New York (March 4, 2014, 1:37 PM EST) -- U.S. House Budget Committee Chairman Paul Ryan is skeptical of the benefits that America's education-related tax credits and other incentives are bestowing upon middle- and low-income families, saying the measures don't help families with cash flow problems, according to a report released Monday.

The committee's “War on Poverty” report, which outlines the federal government's poverty-related initiatives, turns a sharp eye on three tax incentives — the American Opportunity Tax Credit, the tax deduction for student loan interest and the tax exclusion for education savings accounts —...
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