Free Republic

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. The decision came just hours after House Speaker John A. Boehner of Ohio demanded the proposal be withdrawn from the president’s budget, due out Monday, “for the sake of middle-class families.” But the call for the White House to relent also came from top Democrats, including Representatives Nancy Pelosi of...

Taxing Section 529 tax-free education plans is a terrible, horrible, no good, very bad idea. Of all the lying, broken campaign promises,and studied burglary President Obama has committed over the past six years—seven really, if you count his first campaign—this has to be the worst. He who can’t help but toot his own horn (tooting his horn was his only moment of clarity in the whole State of the Union Speech), said this last night: Of course, the education race doesn't end with a high school diploma. To compete, higher education must be within the reach of every American. (Applause.) That's why we've ended...