President Obama, facing angry reprisals from parents and from lawmakers of both parties, will drop his proposal to effectively end popular college savings accounts known as 529s, but will keep an expanded tuition tax credit at the center of his college access plan, the White House said Tuesday.
…Although I don’t know why he bothered to keep the tax credit: the aforementioned college access plan isn’t going anywhere anyway. Oh, I’m sure that something will get signed, eventually. But precisely what that is will be determined by the adults that the American people put back in control of Congress last November, not the petulant man-child who is still occupying the White House… for less than two more years. Continue reading Like a puppy smacked across the nose: Barack Obama to hastily drop proposed 529 tax.