The U.S. House of Representatives has passed H.R. 529. This bill strengthens and expands the 529 College Savings program, which many American families use to save funds for the children’s college expenses. This was passed in the face of the President’s attempt to raid the 529 program to support his budget. This comes on the heels of revelations that the President intends to also raid funds from the Veteran’s Choice program in his budget proposal.
Of the 529 program and H.R.529, U.S Congressman Bruce Poliquin is on record stating, “We should be doing things to ease the burden of college and its financial costs, rather than making it harder for our kids to have a successful college experience. Also, we should never penalize our families for trying to plan ahead.” It seems the President disagrees with Mr. Poliquin, as he is determined to steal monies from our brave veterans and then our children trying to further their education in order to cover his fiscal ineptitude.