White House drops 529 college savings proposal

READ: Obama proposes scaling back benefits of 529 college savings plans

“Given it has become such a distraction, we’re 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,” the official said.

Late Tuesday, Boehner welcomed the White House decision.

“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,” Boehner said in a statement.

CNN