529 savings plan

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President Obama’s Robin Hood plan loses a step but the middle-class gains

The best laid plans of mice and men, as the saying goes. To head off an embarrassing bipartisan defeat the White House has chosen to remove the new tax from the budget to be released on February 2, 2015. Rep. Lynn Jenkins (Republican) put forward a bi-partisan proposal to expand the 529 credit as opposed to taxing it.

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When Robin Hood is actually just a hood

If President Obama can get this Robin Hood proposal passed, it would be the first time that the public understanding of ‘free stuff’ from the Government would be accurate to some degree. At the same time, this Robin Hood would also be the evil tax hungry antagonist of that fable – Prince John. Of course Prince John didn’t have the benefit of television and 30-second soundbites.

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