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WASHINGTON, DC – House Speaker John Boehner (R-OH) issued the following statement in response to reports that President Obama will withdraw his proposed tax on 529 college savings plans.  

“I’m glad President Obama has decided to listen to the American people and withdraw his tax hike on college savings.  This tax would have hurt middle-class families already struggling to get ahead.  I urge President Obama to support Rep. Lynn Jenkins’ bipartisan bill to expand, not tax 529 college savings plans.  This is also an opportunity for the president to  reconsider his threats to veto common-sense jobs bills, like the Keystone XL pipeline and restoring the 40-hour workweek.  Together, by listening to the people, we can get our economy moving, create jobs, and help give our children the best opportunities to succeed.”