No taxing college savings plans
2/6/2015, 1:28 p.m.
Just last week, we found out that the Obama administration plans to pay for “free” community college by taxing money set aside in 529 college savings plans.
When governments get desperate for cash, they come for the middle class because that’s where the money is. I know thousands of Virginians have been saving diligently for their children’s education using these plans.
Changing the rules now and taxing those who have been planning ahead — in many cases to benefit those who haven’t — is just wrong.
Call your representatives and demand they oppose any efforts by the Obama administration to tax 529 college savings plans.
STEPHEN LEE
Mechanicsville
