Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that increases the maximum annual contribution parents can make to tax-free education accounts.

Highlights:

• Increases the Education Savings Account (ESA) limit from $500 to $2,000 annually per child.

• Includes elementary and secondary education expenses, as well as private school tuition, homeschooling expenses, transportation, academic tutoring, books and other supplies.

• Exempts "special needs" beneficiaries from the beneficiary age limitation of 18.

• Allows corporations to make contributions to ESAs.

• Excludes employer-provided educational assistance from gross income calculations.

• Grants rewards to states that have a system of regular testing and merit pay for all elementary and secondary school teachers.

• Expresses the sense of Congress that 95 percent of all education funding for elementary and secondary schools be spent on children in the classrooms.

• Authorizes the Secretary of Education to award competitive grants to state-established reading and literacy partnerships, and to statewide family literacy initiatives.

• Allows States to use Federal education funds for teacher testing and merit pay.

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that increases the maximum annual contribution parents can make to tax-free education accounts.

Highlights:

• Increases the Education Savings Account (ESA) limit from $500 to $2,000 annually per child.

• Includes elementary and secondary education expenses, as well as private school tuition, homeschooling expenses, transportation, academic tutoring, books and other supplies.

• Exempts "special needs" beneficiaries from the beneficiary age limitation of 18.

• Allows corporations to make contributions to ESAs.

• Excludes employer-provided educational assistance from gross income calculations.

• Grants rewards to states that have a system of regular testing and merit pay for all elementary and secondary school teachers.

• Expresses the sense of Congress that 95 percent of all education funding for elementary and secondary schools be spent on children in the classrooms.

• Authorizes the Secretary of Education to award competitive grants to state-established reading and literacy partnerships, and to statewide family literacy initiatives.

• Allows States to use Federal education funds for teacher testing and merit pay.

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that increases the maximum annual contribution parents can make to tax-free education accounts.

Highlights:

• Increases the Education Savings Account (ESA) limit from $500 to $2,000 annually per child.

• Includes elementary and secondary education expenses, as well as private school tuition, home schooling expenses, transportation, academic tutoring, books and other supplies.

• Exempts "special needs" beneficiaries from the beneficiary age limitation of 18.

• Allows corporations to make contributions to ESAs.

• Excludes employer-provided educational assistance from gross income calculations.

• Grants rewards to states that have a system of regular testing and merit pay for all elementary and secondary school teachers.

• Expresses the sense of Congress that 95 percent of all education funding for elementary and secondary schools should be spent on children in the classrooms.

• Authorizes the Secretary of Education to award competitive grants to state-established reading and literacy partnerships and to statewide family literacy initiatives.

• Expresses the sense of Congress that it should be a national priority to lower the school dropout rate and increase school completion for middle school and secondary school students.

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that increases the maximum annual contribution parents can make to tax-free education accounts.

Highlights:

• Increases the Education Savings Account (ESA) limit from $500 to $2,000 annually per child.

• Includes elementary and secondary education expenses, as well as private school tuition, homeschooling expenses, transportation, academic tutoring, books and other supplies.

• Exempts "special needs" beneficiaries from the beneficiary age limitation of 18.

• Allows corporations to make contributions to ESAs.

Full Bill Text

Full Bill Text