Explaining Obamas Failed 529 Tax Proposal

Published: Feb. 4, 2015, 5:14 a.m.

During the 2015 State of the Union speech, President Obama announced a proposal to start taxing 529 college savings plans, which he claimed would save middle class families, money and help the economy. However, after strong resistance from both Democrats and Republicans, he scrapped his plan. This Sunday we'll explain why his 529 tax plan never had a chance.