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Rep. Kelly Co-Sponsors Bill to Strengthen College Savings Plans for Hardworking American Families

Statement

Date: Jan. 28, 2015
Location: Washington, DC
Issues: Taxes Higher Education

U.S. Representative Mike Kelly (R-PA) -- a member of the House Ways and Means Committee -- issued the following statement today announcing his co-sponsorship of H.R. 529, legislation introduced this week to expand, modernize, and strengthen tax-free 529 college savings plans.

"Even though President Obama has now abandoned his reckless idea to punish middle-income families by taxing 529 college saving plans, those of us in Congress who want to protect hardworking Americans from new taxes must remain vigilant. These savings plans make it easier for millions of households to send their children to college, which encourages more students to pursue higher education, which in turn puts young adults on a stronger path to rewarding careers. This bipartisan bill strengthens and updates this massively popular savings tool so that our nation's families and students can continue to benefit from it."


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