An organization of young Americans thinks President Obama’s plan to tax families’ college savings – which has now been scrubbed – was more about control than anything else.
The president made headlines for calling for the taxation of 529 college savings plans as a means of paying for what has largely been referred to as “free community college.” Speaking about the college plan in this year’s State of the Union address, he said: “This plan is your chance to graduate ready for the new economy, without a load of debt.”
Following an outcry from Republicans and Democrats, he has since announced he would rescind his proposal to tax those college savings plans.
Corie Whalen Stephens with Generation Opportunity says it speaks to the fact that people are realizing this is not “middle-class economics” at all, a reference to more of Obama’s comments from the State of the Union.
“This is really just a control mechanism that targets the middle class,” she tells OneNewsNow. “That’s why it was dropped: the rhetoric didn’t match reality.”
The GO spokeswoman acknowledges that taxation is first and foremost a revenue generator for the government – but quickly adds it is also a means of control through government intrusion.
“That’s what’s funny about this proposal,” she explains. “It’s really fascinating when you look at what’s really going on here because you have the president saying We want free community college – yet at the same time you have the government raiding the savings of middle-class taxpayers so they can have more control over what middle-class people are doing in higher education.”
Taking such a broad view, Stephens says, allows individuals to see the problem that comes with government control in higher education – and often in all facets of their lives.
original article: Intrusion, control was behind Obama’s call for ‘free college’
January 29, 2015 by Chris Woodward
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