creators.com opinion web
Liberal Opinion General Opinion
Dick Morris
Dick Morris
22 Jan 2015
Obama's Taxes Trap Hillary

The next time you run into Hillary Clinton, ask her how she feels about President Obama's tax proposals in … Read More.

19 Jan 2015
Terror Goal: Behavior Modification of the West

President Obama and British Prime Minister David Cameron both missed the point in their characterization of … Read More.

16 Jan 2015
Look Back: GOP Was Right on Oil Drilling

Amid the fierce partisan debate over everything from health care to terrorism, we ought to pause from time to … Read More.

Obama: After Sasha and Malia, No More Education Tax Breaks

Comment

President Obama continued his war on private and nonprofit colleges this week with his State of the Union proposal to end the tax-free status of withdrawals from 529 college funds. As a result, were his bill to pass, taxpayers would face full taxation when they take their money out to pay for their children's college.

The president's recommendation comes a few years after he and Michelle had invested $240,000 in their daughters' college fund with the expectation of tax-free treatment when they pull it out. Obama would continue his daughters' tax-free treatment but end if for all future funds.

The money from this tax break will be used, in part, to fund greater tax credits for the first two years of college.

So Obama's message is to deny Ivy League educations to people other than he (who attended Harvard Law and Columbia on scholarships), Michelle (who went to Princeton) and his daughters.

Raise the drawbridge! No more tax breaks for the future.

This proposal is in line with his effort to consolidate all higher education under the control of state and federal government. He wants to eliminate for-profit colleges (by subjecting their students to special scrutiny over their student loans) and nonprofit colleges by repealing tax breaks, like these that help parents afford tuition.

Then people will have to depend on federal grants (the proposed tax credit or Pell Grants) and federal student loans to go to college. Advance one for the welfare state!

Implicit in this calculation is the question: Who needs to go to elite private or nonprofit colleges? Why can't everybody settle for lower-cost public universities? The blatant hypocrisy of an affirmative action Ivy League president and first lady using scholarships they would make more difficult for anyone other than their own children to get is breathtaking!

Even for Obama.

COPYRIGHT 2015 DICK MORRIS AND EILEEN MCGANN

DISTRIBUTED BY CREATORS.COM



Comments

0 Comments | Post Comment
Already have an account? Log in.
New Account  
Your Name:
Your E-mail:
Your Password:
Confirm Your Password:

Please allow a few minutes for your comment to be posted.

Enter the numbers to the right:  
Creators.com comments policy
More
Dick Morris
Jan. `15
Su Mo Tu We Th Fr Sa
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
About the author About the author
Write the author Write the author
Printer friendly format Printer friendly format
Email to friend Email to friend
View by Month
Authorís Podcast
Deb Saunders
Debra J. SaundersUpdated 25 Jan 2015
Lawrence Kudlow
Lawrence KudlowUpdated 24 Jan 2015
Brent Bozell

29 Apr 2009 The Seeds of His Own Destruction: Obama's Hundred Days

18 Oct 2012 Second Debate Sets Up Romney Win

11 Dec 2013 Obama's Phony Populism