[Congressional Record (Bound Edition), Volume 161 (2015), Part 2]
[House]
[Page 2409]
[From the U.S. Government Publishing Office, www.gpo.gov]




                PROTECT AND EXPAND COLLEGE SAVINGS PLANS

  (Mr. PAULSEN asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. PAULSEN. Mr. Speaker, it is a question that families all across 
the country are asking themselves: How can we afford to send our 
children to college?
  The President's plan to tax 529 college savings plans would have 
punished people who are saving for their children's higher education. 
Instead of punishing families who are diligently saving for their 
children's education, we should reward them, we should give them more 
certainty, and we should strengthen and improve these plans.
  529 college savings plans are a very valuable asset for millions of 
families who put aside money to help ensure that their children or 
their child will not be burdened with mountains of debt after they 
graduate from college.
  This week, I will be supporting legislation taken up in the House 
that will strengthen, that will expand, and that will modernize 529 
college savings accounts so that more families have the opportunity to 
send their children to the higher education institution of their 
choice.

                          ____________________