Skip to content

Tag: 529 savings

Screenshot

Jenkins Touts Expanding 529s In GOP Weekly Address

Representative Lynn Jenkins (R-KS) promoted her plan to expand 529 college savings accounts during Saturday’s GOP Weekly Address. Transcript as Follows:  “Good morning.  I’m Lynn Jenkins, Congresswoman from the Second District of Kansas and Vice-Chair of the House Republican Conference.

AP Photo/Mandel Ngan, Pool

Obama Forced to Dump Tax on 529 College Savings Accounts

In a desperate attempt at relevance, President Barack Obama thought he could pay for two promised years of free community college tuition by eliminating the tax exemption on middle-class 529 college-savings accounts. Although the Administration argued that the 529 accounts disproportionately benefit higher-income families, disenfranchising 11.6 million accounts was seen as just short of a declaration of war on “the family.” This afternoon Obama dumped his tax plan.