ad info




CNN.com
 MAIN PAGE
 WORLD
 U.S.
 LOCAL
 POLITICS
 WEATHER
 BUSINESS
 SPORTS
 TECHNOLOGY
 SPACE
 HEALTH
 ENTERTAINMENT
 BOOKS
 TRAVEL
 FOOD
 ARTS & STYLE
 NATURE
 IN-DEPTH
 ANALYSIS
 myCNN

 Headline News brief
 news quiz
 daily almanac

  MULTIMEDIA:
 video
 video archive
 audio
 multimedia showcase
 more services

  E-MAIL:
Subscribe to one of our news e-mail lists.
Enter your address:
Or:
Get a free e-mail account

 DISCUSSION:
 message boards
 chat
 feedback

  CNN WEB SITES:
CNN Websites
 AsiaNow
 En Español
 Em Português
 Svenska
 Norge
 Danmark
 Italian

 FASTER ACCESS:
 europe
 japan

 TIME INC. SITES:
 CNN NETWORKS:
Networks image
 more networks
 transcripts

 SITE INFO:
 help
 contents
 search
 ad info
 jobs

 WEB SERVICES:

  Transcripts

Morning News

President Clinton to Announce Tax Breaks for College, Meet with Yasser Arafat

Aired January 20, 2000 - 10:14 a.m. ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

DARYN KAGAN, CNN ANCHOR: President Clinton has a full schedule, today. A few hours from now, he is scheduled to make an important education announcement. He also plans to meet with Palestinian Leader Yasser Arafat.

CNN White House correspondent Chris Black is at the White House. She has the details in snowy Washington.

Chris, good morning.

CHRIS BLACK, CNN WHITE HOUSE CORRESPONDENT: There's a lot of snow in Washington, Daryn.

With the State of the Union Address now just a week away, the president is continuing to roll out initiatives for his final year in office. Today he will be proposing a $30 billion plan to provide tax breaks to middle-income families so they can better afford the cost of college. The plan is called the College Opportunity Tax Cut, and, if approved by Congress, it would give families the option of taking either a deduction or a credit on up to $10,000 a year on fees and tuition for post-secondary-school education. The president is also proposing a $1-billion increase in Pell and work study grants over the next 10 years.

Now, this is an issue with a lot of political appeal, and it is an election year, so the president's wife, Hillary Rodham Clinton, an unannounced candidate for the New York Senate seat, will be joining him at this announcement, along with Senator Chuck Schumer of New York.

And later today here at the White House, the president will be meeting with Palestinian Leader Yasser Arafat. The White House is describing this as an important meeting. Mr. Arafat just arrived in the United States after midnight last night, and he requested this meeting a few weeks ago. White House officials say that the two leaders will be discussing the state of play in the Palestinian track of the Middle East peace talks. The Israeli have set a mid-February deadline for a framework for this discussion, and White House officials say they're not too concerned about that deadline so long as the two sides keep talking.

And one last thing that they will be discussing today is bilateral issues, because they're concerned about strengthening the relationship between the Palestinian Authority and the United States, and at the top of that agenda: economic development.

Chris Black, CNN, reporting live from the White House.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com

  ArrowCLICK HERE FOR TODAY'S TOPICS AND GUESTS
ArrowCLICK HERE FOR CNN PROGRAM SCHEDULES
SEARCH CNN.com
Enter keyword(s)   go    help

Back to the top   © 2001 Cable News Network. All Rights Reserved.
Terms under which this service is provided to you.
Read our privacy guidelines.