Don’t Tax College Savings Yet

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Media Outlet: Slate

President Obama’s message in the State of the Union was clear: Wealth should be taxed to ease the burden on the middle class. Then why would the president propose taxing earnings in 529 college savings plans, a move that’s been criticized for going after the middle class and as an "assault on the American Dream?"

Author:

Justin King is Policy Director of the Family-Centered Social Policy program at New America. In this position, he works to develop and advance innovative public policies that expand economic opportunity by better supporting the financial needs and desires of striving Americans.