Obama Drops Plan to Raise Taxes on ‘529’ College Savings Accounts
The Obama administration said it would drop a controversial plan to raise taxes on so-called 529 college-savings accounts, after the proposal sparked widespread criticism over its potential impact on the middle class.
House Speaker John Boehner on Tuesday called publicly on the White House to withdraw its plan. Calls also were coming privately from leaders of the president’s own party.
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What took them so long?
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Reinke Faces Life 