Don’t Tax College Savings Yet

Read Original Article
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 broadening access to high-quality financial products, increasing savings and growing asset ownership.