[Rusty0604]

Good! Now if he would just drop all his other plans...

[Steamburg]

The offense is that he would propose the idea in the first place.

[Cruz_West_Paul2016]

Oops, maybe Bambi found out that all college students dont have an IQ of 42?

[Vendome]

And the grab will be replaced with what initiative?

[lavaroise]

he wants to prevent college choice... just like no child left behind

[D_Idaho]

Well that went south pretty quickly. I wonder if anyone will notice.

[eyeamok]

we’re not going to ask Congress to pass” ???

with the exception of the Senate Healthcare Bill, CONgress has Not PASSED anything with regards to taxes and budgets that you have proposed. Hell he didn’t even get a single vote from his own party on his last budget ideas/gimmicks, So Why even bring it up??

[dfwgator]

Looks like that Trial Balloon took a direct hit.

[austinaero]

Not that being consistent matters to the Dems but it’s hard for them to pretend they are ‘for’ the middle class when at the same time King Obama is taxing the savings set aside for college education. Whoever thought that up should be run out of the country.

[exit82]

Trial balloon from the Balloon Head.

Next, let’s try the nationalization of everyone’s 401k. /s

[Secret Agent Man]

this was always meant to be dropped to appear like he is compromising.

he never gives up on stuff he really wants.

[tbw2]

Probably because it came to light he and his wife put 240K in their own kids’ 529 plans, so the hypocrisy would be too bad to be tolerated by voters.

[jayrunner]

“First you say you will and then you won’t!..”

Mr. Flip Flop Blowing in the
Wind...

He’s worse than Carter.

[DoodleDawg]

For an administration who say they’re all about education it was a stupid proposal to begin with. Which is to say it was par for the course for the Obama White House.

[KarlInOhio]

What to White House economists was a clearheaded assessment of tax fairness has proved to be a cautionary tale for politicians focusing their efforts on the shriveling middle class and trying to overhaul and simplify the tax code.

The old gray lady is mixing her medication again.

This wasn't an overhaul. It was a surgical cut meant to hit one of the few tax free savings methods left to the middle class other than the Roth IRA (and they want that so badly they can taste it). But the irony of destroying college savings for the middle class so they could save it through free junior college was just a little too much to swallow in one shot. Expect the next time through to sneak in tighter limits on contributions, limits on who can put in money (so no more funding by grandparents, uncles, aunts and second cousins once removed) and income limitations ... all to be faaaaiiiirr.

If they were serious about overhauling and simplifying the tax code they would nuke the whole thing rather than just aim for one tax break.

[Paul R.]

WASHINGTON — 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.

"Reprisals"?