Senator Peter H. Dominick (R-Colo.) delivers his weekly radio address, Report from Washington, on March 18, 1966. Sen. Dominick discusses the impact of inflation on consumer prices, especially the rising cost of higher education. He announces the defeat of a plan that he co-sponsored with Senator Abraham Ribicoff (D-Conn.), the Ribicoff-Dominick Tuition Tax Credit Proposal. Dominick says this proposal would have established tax credits for individuals as well as provided incentives for corporations and associations to create scholarship funds, leading to increased educational opportunities for children from lower and middle class families.