,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dgjj  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ba1 #bjad ,mr4 
,gardner introduced the following bill2 
which was referred to the ,committee on 
,ways and ,means  ,a ,,bill  ,to amend  
the ,internal ,revenue ,code of #aihf to
 increase the limitation on the         
deduction for student loan interest4    
#a4 ,increase in limitation on deduction
 for student loan interest  7a7 ,in     
general ,section #bba7;b77#a7 of the    
,internal ,revenue ,code of #aihf is    
amended by striking the amount          
determined and all that follows and     
inserting #e1jjj44  7b7 ,inflation      
adjustment ,subsection 7f7 of section   
#bba of such ,code is amended by--  7#a7
 redesignating paragraphs 7#a7 and 7#b7 
as paragraphs 7#b7 and 7#c71            
respectively1 and inserting before      
paragraph 7#b7 7as so redesignated7 the 
following new paragraph3  7#a7 ,dollar  
limitation ,in the case of any taxable  
year beginning after #bjae1 the #e1jjj  

amount in subsection 7b77#a7 shall be   
increased by an amount equal to--  7,a7 
such dollar amount1 multiplied by  7,b7 
the cost-of-living adjustment determined
 under section #a7;f77#c7 for the       
calendar year in which the taxable year 
begins1 determined by substituting      
calendar year #bjad for calendar year   
#aiib in subparagraph 7,b7 thereof4  1  
7#b7 in paragraph 7#b7 7as so           
redesignated71 by striking ,in general  
in the heading thereof and inserting    
,limitation based on modified adjusted  
gross income1 and  7#c7 in paragraph    
7#c7 7as so redesignated7--  7,a7 by    
striking paragraph 7#a7 and inserting   
paragraph 7#a7 or 7#b71 and  7,b7 by    
inserting 7#ajj in the case of any      
adjustment under paragraph 7#a77 after  
#e1jjj both places it appears4  7c7     
,effective date ,the amendments made by 
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjad4