Walberg Votes to Expand College Savings Opportunities
February 25, 2015
Washington, D.C. – Congressman Tim Walberg (MI-07) voted today for bipartisan legislation to strengthen and improve 529 college savings plans. H.R. 529 would add computers to the list of qualified expenses, allow any refunds to be redeposited tax-free, and update the tax code to eliminate unnecessary paperwork burdens.
"With student loan debt in America nearing $1.2 trillion, we should be making it easier for families to plan ahead and save for their children's future education. Today the House took important steps to strengthen and modernize 529 college savings accounts, instead of taxing them like President Obama proposed," said Walberg.
Congressman Walberg serves on the House Education and the Workforce Committee as Chair of the Workforce Protections Subcommittee. In addition, he serves on the House Oversight and Government Reform Committee. For more information on Walberg's work in Congress visit walberg.house.gov.
"With student loan debt in America nearing $1.2 trillion, we should be making it easier for families to plan ahead and save for their children's future education. Today the House took important steps to strengthen and modernize 529 college savings accounts, instead of taxing them like President Obama proposed," said Walberg.
Congressman Walberg serves on the House Education and the Workforce Committee as Chair of the Workforce Protections Subcommittee. In addition, he serves on the House Oversight and Government Reform Committee. For more information on Walberg's work in Congress visit walberg.house.gov.
Issues:Education