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Obama Drops Plan To Raise Taxes On ?529? College Savings Accounts - Yahoo News

http://www.obamastudentloanforgiveness.net President Barack Obama answers media questions with British Prime Minister David Cameron (not pictured) at their joint press conference following their meeting at the White House in Washington January 16, 2015. REUTERS/Kevin Lamarque The Obama administration said it would drop a plan to tax so-called 529 college savings accounts , after the proposal sparked widespread criticism over its potential impact on the middle class. The move followed a public call by House Speaker John Boehner (R., Ohio) on Tuesday for the White House to withdraw its plan. Calls also were coming privately from leaders of the presidents own party. House Minority Leader Nancy Pelosi (D., Calif.) pressed the case for dropping the plan in conversations with senior administration officials aboard Air Force One, as she flew with the president from India to Saudi Arabia, according to a person familiar with the matter. A White House official said late Tuesday: Given it has become such a distraction, were not going to ask Congress to pass the 529 provision. Ahead of last weeks State of the Union address, Mr.
Source: http://news.yahoo.com/obama-drops-plan-to-raise-taxes-on--529--college-savings-accounts-232937566.html

Obama dropping plan to tax college savings - Yahoo News

View photo U.S. President Barack Obama delivers a speech at Siri Fort Auditorium in New Delhi January 27, 2015. WASHINGTON (Reuters) - President Barack Obama has dropped a controversial proposal to tax "529" college savings plans, a White House official said on Tuesday, calling it a "distraction" from administration efforts to provide middle-class tax relief. The proposal had aroused opposition from Republicans and Democrats in Congress. A source familiar with the situation said House of Representatives Democratic leader Nancy Pelosi had pressed senior administration officials to drop the proposal as she flew with Obama on Air Force One from India to Saudi Arabia. "Given it has become such a distraction, were not going to ask Congress to pass the 529 provision so that they can instead focus on delivering a larger package of education tax relief that has bipartisan support," the White House official said. The official said the plan had been "a very small component of the presidents overall plan to deliver $50 billion in education tax cuts for middle-class families." The "529" plans are sponsored by states and run by investment management companies.
Source: http://news.yahoo.com/obama-dropping-plan-tax-college-savings-232745568.html

Obama leads heavyweight mission to key ally Saudi - Yahoo News

Bush, who had a "relationship that was very much built on personal foundations," Shaikh contended. View gallery A US F-15E Strike Eagle flies over northern Iraq after conducting airstrikes on Islamic State milita The late king had a strained personal relationship with Obama, said Frederic Wehrey, of the US-based Carnegie Endowment for International Peace Middle East Programme. Among the 29 members of Obama's delegation are former Bush-era officials including James Baker, secretary of state during the first Gulf War against Iraqi dictator Saddam Hussein, former national security adviser Brent Scowcroft, and Condoleezza Rice, who served as secretary of state under George W. Bush. - IS, Yemen on agenda - Obama's wife Michelle is to join him on the Saudi trip, as is Secretary of State John Kerry, Senator John McCain, Central Intelligence Agency director John Brennan and General Lloyd J. Austin III, head of US Central Command.
Source: http://news.yahoo.com/obama-leads-heavyweight-mission-key-ally-saudi-104848209.html

Obama defends Saudi relationship: 'Sometimes we have to balance' - CNN.com

ally with a poor human rights record, shortly before leaving India for a short visit to the Gulf Kingdom. But even as the U.S. works closely with the Saudis on common strategic goals like counterterrorism, Obama said he and his administration continue to apply "steady, consistent pressure" on issues like human rights. Obama is headed to Saudi Arabia to meet the new King Salman and pay his respects following the death of King Abdullah last week. "Sometimes we have to balance our need to speak to them about human rights issues with immediate concerns that we have in terms of countering terrorism or dealing with regional stability," Obama said in an interview with CNN's Fareed Zakaria in India on Tuesday.
Source: http://www.cnn.com/2015/01/27/politics/obama-saudi-arabia-zakaria/index.html

Obama Urges Women's Safety, Religious Tolerance in Last India Speech

Obama also used his address to touch on the importance of defending religious diversity. Although the majority of Indias 1.27 billion-strong population is Hindu, about a fifth of its people belong to other religions like Islam, Christianity and Sikhism, with diversity a growing subject of concern among opponents of the Hindu nationalist Bharatiya Janata Party that Modi chairs. In India and America, our diversity is our strength, he said. India will succeed so long as it is not splintered along the lines of religious faith. Meanwhile, speaking about the U.S.-India relationship on Tuesday, President Obama called it one of the defining partnerships of the century, and advocated a greater role for India in the Asia-Pacific, seemingly a tacit acknowledgement of Chinas growing regional influence. He also touched upon empowering women, an issue that Modi made one of the major themes of Obamas visit and Mondays Republic Day celebrations .
Source: http://time.com/3683708/obama-india-modi-final-speech/

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