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Key Votes

S 1134 - Education Savings Accounts - Key Vote

National Key Votes

Edward Kennedy, Sr. voted Nay (Passage) on this Legislation.

Read statements Edward Kennedy, Sr. made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Bill Passed (Senate) (61-37) - (Key vote)

Title: Education Savings Accounts

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, academic tutoring, books and other supplies.
  • Excludes employer-provided educational assistance from gross income calculations.
  • Includes the "Transition to Teaching Act," which appropriates funds to institutes of higher education and non-profit organizations to recruit, train and support teachers.
  • Raises income eligibility threshold from $160,000 to $220,000 for couples filing their taxes jointly who wish to invest in Education Savings Accounts.
Legislation - Introduced (House) -

Title: Education Savings Accounts

Sponsors

  • William V. Roth Jr. (DE - R) (Out Of Office)
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