Politics of the 529 Plan
President Obama’s backpedaling this week on a provision in his tax plan that would have gutted benefits for college-savings plans highlights the challenges facing advocates for low-income students who want to overhaul higher education tax breaks. The collapse of the White House’s 529 savings account proposal, just days after it was announced, suggests that simplifying and retooling college tax breaks so they benefit more low-income families -- and fewer wealthier ones -- is an idea that enjoys third-rail status in Washington.
・ From Inside Higher Ed