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Protect and Expand College Savings Plans

Floor Speech

Date: Feb. 24, 2015
Location: Washington, DC
Issues: Higher Education

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Mr. PAULSEN. Mr. Speaker, 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.

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