|By PR Newswire||
|March 4, 2014 06:29 PM EST||
WASHINGTON, March 4, 2014 /PRNewswire-USNewswire/ -- Congressman Chaka Fattah (D-PA), Senior Member of the House Appropriations Committee and Ranking Member on the Appropriations Subcommittee on Commerce, Justice, Science (CJS) and related agencies, released the following statement on President Obama's FY 2015 budget:
"The President's FY 2015 budget offers a sound and strategic roadmap for our country, grounded in the belief that opportunity is for all, not just a select few. From expanding the Earned Income Tax Credit to prioritizing educational access and boosting domestic manufacturing initiatives, President Obama demonstrated his commitment to ensuring America has a robust economy, strengthened by a 21st century workforce and a thriving middle class.
"The President's 2015 Budget reflected many of our shared priorities, including investments in the life sciences, new funding and research grants for neuroscience, expanding college access and affordability, support for space exploration and technology, and reviving the federal Housing Trust Fund with a mandatory $1 billion appropriation. His budget also calls for a permanent extension of the American Opportunity Tax Credit (AOTC), a piece of legislation I introduced five years ago and that is currently set to expire in 2017. AOTC seeks to make higher education more affordable for America's hardworking families and students and extending it will benefit more than 11 million students, providing an average of $1,100 in credits.
"This budget provides a strong foundation towards expanding opportunity for every American. I look forward to working alongside the Administration, Congress, and my colleagues on the Appropriations Committee to help shape our country's spending priorities for the year ahead."
SOURCE Office of Congressman Chaka Fattah