Where are the current budget limitations and how will the cost of these tax proposals impact on established and effective programs like the Pell Grant?
A fear that has been growing confronts the reality of a finite budget and if we are to pay for the tax cuts, where will the offset occur. The President has laid out a series of tax increases designed to offset most of the cost associated with his tax proposals. It is clear that there will be strong opinions on both sides of the aisle when your Committee considers that package as well. However, before any agreed-upon tax break package is offset, we want to strongly urge against the temptation of dipping into the Pell Grant program for sacrificing an increase in the maximum award. For those who are interested in making the end legislative product a universal one, we must be sure to look broadly. A single tax proposal is simply not the silver bullet answer. The Pell Grant has proven to be a valuable instrument in reaching the first generation students. 5. Have we been down this road before? We have to be careful as we move down this dual path of tax breaks and Pell increases. The intent t
