Here is my idea: We should create new 401(k) accounts like the 401(k) plans that help you save for retirement, but these accounts will allow employers and employees to contribute up to $2,500 for each working person to pay for college or job training expenses, money that you can save and withdraw tax free. You could use this account for yourself, your spouse, even your child's college tuition. That is identical to the proposal that is before us.
Discussing a proposal for new 401(k) accounts for education expenses.
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