October 13th, 2010
08:09 AM ET
12 years ago

Obama wants tax break for college students extended

(CNN) - The American Opportunity Tax Credit helped soften the blow of college tuition for more than 12 million students last year, but it's due to expire at the end of this year unless President Barack Obama gets his way.

To remind Congress of the importance of extending the credit, top government advisers spoke to reporters Tuesday about why they believe the break is worth keeping around.

"[Obama] believes that it is important for this to be extended and for families to have the certainty and confidence that this [credit] will be there when they are making the choices about sending their children to college," said Gene Sperling, counselor to the Treasury Secretary.

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Filed under: issues • President Obama
soundoff (9 Responses)
  1. americanpapaagainstobozo

    I would like my Bush era tax cut extended also, but, since I am just a plain working American that actually pays taxes to support the dope addled Oprah watchers that adore this inept, incompetent, corrupt, union toady president, I am probably not going to get it. Obama is all about giving more money to the union bosses and people who don't work or pay taxes, his base, if you will.

    October 13, 2010 09:01 am at 9:01 am |
  2. barry

    Who cares what Obama wants anymore. He won't have all his little minion majority anymore. The Hopey Changey man is in over his head and the majority of Americans know that now and are taking steps in November to minimize anymore damage he can cause.

    October 13, 2010 09:14 am at 9:14 am |
  3. UVA_2011

    Once again, Obama seeks to provide a government solution for a government-caused problem. College is so expensive precisely because it is so heavily subsidized by state and federal financial aid measures already in place. I'm a college student and even I oppose this measure. Statolatry–worship of the State–is the world's most pernicious religion.

    October 13, 2010 09:20 am at 9:20 am |
  4. stufthis

    If it will help the Chinese and other foreign interests, count on the republicans for support.

    October 13, 2010 09:47 am at 9:47 am |
  5. stufthis

    The republican's answer to help for college students is to repeal the minimum wage.

    October 13, 2010 09:48 am at 9:48 am |
  6. Rick McDaniel

    Government cannot afford to provide funds for those who have none, themselves. College is something you must be able to pay for, yourself. if you cannot, you should be looking for alternatives you can pay for.

    I went to night school for 9 yrs. to earn my degrees, paying for them, myself, while working full time. I received no hand outs, from the government.

    October 13, 2010 09:55 am at 9:55 am |
  7. Dominican mama 4 Obama

    This will just be yet ANOTHER opportunity for the Party of No Education, No Jobs, No Wall Street Reform, No Healthcare to vote NO yet AGAIN.

    October 13, 2010 10:01 am at 10:01 am |
  8. terry, va

    Keep going to the kids Obummie. They are the only group you can fool. The senior citizens are on to you. You have screwed us two years in a row on social security. You are the ONLY president since the cost of living was implemented in 1975 to do so.

    October 13, 2010 10:11 am at 10:11 am |
  9. Dt

    Damn but what about millionaires, right cons? Hey i got a question, if the GWB tax cuts are suppose to create jobs, why did the US lose so many jobs when they are already in place? Just wondering

    October 13, 2010 10:54 am at 10:54 am |