529 plans take center stage at Senate hearing
The Senate Finance Committee held a hearing on July 22, 2004 titled "The Role of Higher Education Financing in Strengthening U.S. Competitiveness in a Global Economy." Several of the witnesses were associated with 529 plans and they pressed the Committee to support legislation that would make the exclusion for 529 withdrawals permanent. Under current law, the 529 exclusion expires at the end of 2010. To read the witness-prepared statements, click here.
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