"In 1976, the first year that Pell Grants were fully funded, a full Pell Grant paid 72 percent of the cost of attendance at a typical four-year public college. Today, a full Pell Grant covers just 34 percent of those costs.
"The law, right now, permits companies that close down American factories and offices and move those jobs overseas to take a tax deduction for the costs associated with moving the jobs to China or India or wherever."
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