Word: credited
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Dates: during 1970-1979
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Roth's aide said Roth has recently added a provision to the bill to prohibit financial aid officers from reducing awards because of the tax credit. He added that $250 was not enough to tempt schools to raise their tuition...
Roth's aide also says that higher-cost schools like Harvard that depend heavily on their endowments are also concerned that legislators may decide to tighten up tax laws concerning deductions for charitable contributions if a tax credit bill is passed, thereby discouraging gifts to universities...
...credit, in this form or a similar one, has passed the Senate three times, but has never come to a vote on the House floor. The Senate Committee on Finance recently passed this version of tax credit as an amendment to the wool tariff bill, and it awaits scheduling for the Senate floor. The student aid bill has been reported out of the Human Resources Committee, and as soon as the debate on the Panama Canal treaty is finished--maybe in a week or two--the student aid bill will race the tax credit to the Senate, with each side...
...House leadership has been notoriously unreceptive to the idea of tax credits. Growing support in the House may force the power-wielders to permit a vote on the issue although some Congressional aides say the House would prefer to deal with the tax credit as part of a big, upcoming tax bill rather than as an unrelated rider to the wool tariff bill. The student aid package passed out of the House Committee on Education and Labor last week, and an aide for the committee said she expects a vote in the House next week...
Gibson says he is worried that, unless Congressmen hear strong support from their constituents for the student-aid bill, they will pass the tax credit, which appears to be a simple way of allocating the money, rather than take the time to understand the more complicated impact of the student aid bill...