Erik Paulsen: “It is a question that families all across the country are asking themselves: How can we afford to send our children to…”

“It is a question that families all across the country are asking themselves: How can we afford to send our children to college? The President's plan to tax 529 college savings plans would have punished people who are saving for their children's higher education. Instead of punishing families who are diligently saving for their children's education, we should reward them, we should give them more certainty, and we should strengthen and improve these plans. 529 college savings plans are a very valuable asset for millions of families who put aside money to help ensure that their children or their child will not be burdened with mountains of debt after they graduate from college. This week, I will be supporting legislation taken up in the House that will strengthen, that will expand, and that will modernize 529 college savings accounts so that more families have the opportunity to send their children to the higher education institution of their choice. ____________________”