Within the Obama Administration there are two distinct and apparently opposing views about the economy and middle class. Logic dictates that only one of these views is correct. Americans, especially the middle class, are not doing better in an appreciable way. While President Obama is accurate in a pinpoint view of the economy, Vice President Biden is far more accurate in the broad view of the middle class.
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.