Walberg Votes to Expand College Savings Opportunities
Statement
Issues: Higher Education
Congressman Tim Walberg (MI-07) voted today for bipartisan legislation to strengthen and improve 529 college savings plans. H.R. 529 would add computers to the list of qualified expenses, allow any refunds to be redeposited tax-free, and update the tax code to eliminate unnecessary paperwork burdens.
"With student loan debt in America nearing $1.2 trillion, we should be making it easier for families to plan ahead and save for their children's future education. Today the House took important steps to strengthen and modernize 529 college savings accounts, instead of taxing them like President Obama proposed," said Walberg.
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