It's always the dentists.
February 4, 2015 10:39 AM Subscribe
The Upper Middle Class is Ruining America, by Reihan Salam, for Slate.
...within days of the State of the Union, the Obama administration was forced to reverse course and abandon its plan to make 529 plans less generous. House Minority Leader Nancy Pelosi, who represents San Francisco, and House Budget Committee ranking Democrat Chris Van Hollen, who represents the wealthy Maryland suburbs of Washington, D.C., were the key drivers of the decision, according to a report by Rachael Bade and Allie Grasgreen in Politico. My guess is that both Pelosi and Van Hollen saw firsthand the fury of upper-middle-income voters who sensed that Obama, normally a paragon of upper-middle-class virtues, was daring to mess with one of their precious tax breaks. Paul Waldman, writing for the Washington Post, had it right when he observed that “the 529 proposal was targeted at what may be the single most dangerous constituency to anger: the upper middle class.”
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