President Obama's plan to eliminate the tax breaks for college savings accounts known as 529s, which primarily benefit the 5 percent of households earning more than $200,000, was swiftly shot down as an affront to the middle class. His new budget calls for increased taxes on the wealthy to explicitly address income inequality with benefits for lower- and middle-income families.
How can federal tax policy differentiate between "rich" and the "middle class"?
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Room for Debate: Tax Breaks for the 'Merely Affluent'
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