Word: roth
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American high school and college soccer teams generally schedule fewer than two dozen games each season, while aspiring young stars in Europe may play 50 or more. Inexperienced coaches are also a problem. Says Cosmos Captain Werner Roth: "When I was young, a coach was someone with a station wagon and spare time, not someone with knowledge of the game." Too often, that is still true...
While many versions of the tax credit bill have been introduced, the one sponsored by Sen. William V. Roth (R-Del.) is getting the most attention. Under this bill, financially independent students and parents of dependent students in undergraduate or post-secondary vocational programs would be eligible for up to a $250 tax credit each year the student is in school. The credit, which would go up to $500 in several years, would apply to tuition and instructional costs, but not to room and board expenses. Another bill sponsored by Sen. Robert Packwood (R-Ore.) and Sen. Daniel P. Moynihan...
When the student aid supporters say two parallel bureaucracies would be wasteful, the tax credit backers answer that leaving the job to one bureaucracy is worse--considering that bureaucracy is the Department of Health, Education and Welfare (HEW). Roth's aides cite the Guaranteed Student Loan Program as an example of a bureaucracy at its worse. Calling the program "the worst administered program in the government," one aide says that one in every six loans granted under the program now stands in default, and 316 people who have defaulted on their loans work within HEW itself. The aide also says...
...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...