Obama Backs Down on Assault on 529 College Savings Plans – The American Spectator | USA News and Politics

Obama Backs Down on Assault on 529 College Savings Plans

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On Tuesday, just 36 hours after receiving scathing criticism from yours truly on these pages, President Obama has backed down on his proposal to effectively end 529 college savings plans.

Even senior Democrats were urging him to pull the plug on his stupid idea… which is why I wish he hadn’t.

As I noted, this was a great issue to beat Obama up with among his own base, though I questioned whether Republicans would have either the smarts or the cojones to actually take advantage of Obama’s policy gaffe.

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