Idea to tax college-savings plans deserved to suffer a quick death

By Michelle Singletary. The plan was to take away a very generous tax break for college savings. It was, I believed, as did so many other college-savings advocates, ill-conceived.
President Barack Obama had proposed taxing the earnings in 529 plans; avoiding these taxes is an advantage that is a huge selling point. To defend the move, the administration pointed out that the plans benefit a lot of high-income families who don’t need the tax break. More...