WASHINGTON, Jan. 27 (UPI) -- U.S. President Barack Obama on Tuesday dropped plans to end tax breaks for 529 college savings plan after backlash from parents and lawmakers on both sides of the aisle.
The president proposed the idea in his budget, but withdrew it after both House Speaker John A. Boehner, R-Ohio, and House Minority Leader Nancy Pelosi, D-Calif., expressed opposition to the plan.