Obama's misfire on 529 college savings plan: Who is middle class?

The Obama administration’s decision to backtrack on a tax proposal that would have gutted a popular college savings plan is a telling moment for this White House. The episode also raises questions about Obama White House coordination with Democratic leaders on Capitol Hill, who came out against the plan (as did Republican leaders and families saving for college). As part of proposed changes to the tax code, Mr. Obama wanted to end some of the tax advantage of so-called 529 college savings acco