Congressman Fattah: AOTC is Making College Dreams a Reality

IRS and American Taxpayers Are Acting in Good Faith

WASHINGTON, Oct. 21, 2011 /PRNewswire-USNewswire/ -- Congressman Chaka Fattah (D-PA) today released the following statement in response to a Treasury Inspector General for Tax Administration (TIGTA) report on the American Opportunity Tax Credit. Fattah is the original author of the higher education credit which was included in the American Recovery and Reinvestment Act (ARRA) of 2009.

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"While we must ensure faithful compliance with the Tax Code, and make certain taxpayers are meeting their responsibilities, this TIGTA report unfairly characterizes taxpayer error. I look forward to working with the IRS, and community organizations around the country, to support and encourage every eligible taxpayer to take advantage of this assistance for higher education. At this time in our economy, it is too critical that every American have access to college. Higher education tax credits have historically been underutilized, and while increased participation can mean higher error rates, I'm confident this problem can be addressed without restricting access to the credit."

According to the IRS and the White House 18 million families have benefited over the last two years from the American Opportunity Tax Credit.

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SOURCE Office of Congressman Chaka Fattah

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