Since our economy is booming, it's important to give some of that prosperity back to taxpayers. The Balanced Budget Act gives fair tax relief to middle class families. The tax cut package includes substantial tax credits for education. The Balanced Budget Act prioritizes education. As I mentioned above, the Balanced Budget Act has tax credits for college tuition.
Parents can also contribute money to a tax-free education savings account for their children.
Furthermore, the Balanced Budget Act also makes substantial investments in our children's education. Pell Grants, College Work-Study, Perkins Loans, and vocational education are all increased next year under this budget. The education tax credits and programs are critical, because we must continue to strengthen our commitment to education. Education is the key to economic opportunity for the people of our country. A solid education has always been the key to a better future.