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Special section Where the candidates stand on money issues

Bankrate compiled the candidates' views on financial issues using their Web sites and public records. Here's what we learned.

Candidates' views on money issues
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POLITICAL PARTY: REPUBLICAN
Education -- Rep. Ron Paul
 

Rep. Ron Paul of Texas would eliminate the Department of Education. He says it's unconstitutional for the federal government to fund or control schools. Local taxes can fund schools instead of federal subsidies.

He supports efforts to make education more affordable and believes in the right of parents to home school their children.

  • Paul introduced H.R. 1056, the Family Education Freedom Act, which would provide an annual tax credit of up to $5,000 (adjustable for inflation after 2007) per student for tuition at any elementary or secondary school, including private, parochial, religious or home schools.
  • The congressman sponsored H.R. 1059, which would grant full-time elementary and secondary school teachers a $3,000 annual tax credit.
  • He also introduced H.R. 193, the Make College Affordable Act, which would establish a full tax deduction for undergraduate college tuition, sensible living expenses and interest on qualified student loans.
  • Paul pledges equal access to scholarships for home schooled students.
  • He says he will oppose legislation setting national standards or testing for home schooled students and parents. He will promote "a culture of educational freedom" in the nation.
* Rep. Paul's voting record on education issues:
Voted Topic Date
Source: On the Issues
-- Posted: Jan. 29, 2008
Read Ron Paul's biography  

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