{"id":7279,"date":"2015-01-21T18:40:56","date_gmt":"2015-01-21T18:40:56","guid":{"rendered":""},"modified":"2015-01-21T18:40:56","modified_gmt":"2015-01-21T18:40:56","slug":"obama_s_tax_hikes_on_the_rich_would_eliminate_middle_class_529_college_saving_plans","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2015\/01\/21\/obama_s_tax_hikes_on_the_rich_would_eliminate_middle_class_529_college_saving_plans\/","title":{"rendered":"Obama\u2019s Tax Hikes on “the Rich” Would Eliminate Middle Class 529 College Saving Plans"},"content":{"rendered":"

\"Listen<\/a><\/p>\n

RUSH: Denver, this is Joe. Thank you for waiting, Joe. Really appreciate it. Great to have you on the show. Hi.<\/p>\n

CALLER: Bucket list dittos. I cannot believe I am talking to you. Dream come true, Rush.<\/p>\n

RUSH: Well, thank you. I really appreciate that. Glad you got through here.<\/p>\n

CALLER: Well, let me tell you, the Bush tax cuts back in 2006 made college 529 plans totally tax-exempt. So long as you put the money in it, it grew tax-exempt, you take that money out, you pay for your kids\u2019 college, it was tax-exempt. Now Barack Obama wants to get rid of that Bush tax cut for the middle class, and when you take that 529 money out, that\u2019s how he\u2019s gonna pay for community colleges. It\u2019s buried in the plan. Forbes has an article about it, and I just can\u2019t believe that he\u2019s out there saying this is for the middle class, when he\u2019s lying and taking away this tax exemption from the middle class. It just blows my mind.<\/p>\n

RUSH: I know, doesn\u2019t it? That\u2019s my whole point. You know, Fox just got through running a package. They did man-on-the-street interviews, and do you know what the subject of it was?<\/line><\/p>\n

CALLER: No.<\/p>\n

RUSH: How the rich aren\u2019t paying their fair share has resurfaced all of a sudden now as a cultural curiosity in America. So there they are out on the street, man-on-the-street interviews, “Do you think the rich aren\u2019t paying their fair share?” Where did that come from? Last night. That all comes from the fact that Obama claims the rich aren\u2019t paying their fair share, we gotta raise taxes on the rich, and so a whole brand-new narrative is born. The rich aren\u2019t paying their fair share. It\u2019s been recycled, this is the fifth or sixth time in the last 27 years this has happened. Now, your example here —<\/p>\n

CALLER: If you want to do stuff for the middle class, you need to just cut the taxes for my boss so he can employ more people.<\/p>\n

RUSH: Precisely. But it\u2019s worse that then. Because community college, as you have just illustrated, for a lot of people is not gonna be free. They\u2019re actually gonna end up paying for it, but even the people — it\u2019s not free. Somebody\u2019s paying for this. A lot of people are going to be paying. Here\u2019s what\u2019s really worrisome. You know, I saw something the other day. I don\u2019t think I printed this out, \u2019cause I was in a mad dash in a hurry. I can find it if I have to. That would not be a problem. I believed it, too, because of things I\u2019m learning with the Rush Revere books that I\u2019m writing.<\/p>\n

You might have seen this yourself, Snerdley, in your daily dalliance with show prep, that the first two years of college have declined so much that they\u2019re now the equivalent of a high school education. That a high school diploma ten years ago is now what you get after two years of college. Well, I\u2019m sorry, folks, but that is a huge decline in education achievement. That is going backwards. It used to be that a high school diploma, if that\u2019s all you had, you might have a problem. You had to have at least some college to have some sort of respectability. <\/p>\n

But now education has been so watered down — and, by the way, what\u2019s watering it down, political correctness and appeasing the slowest learners and appeasing the lowest IQ students in the class. We can\u2019t humiliate them. We can\u2019t have smarter or faster learning students maintain their pace because that\u2019s not fair to those who don\u2019t learn as fast. So we are defining educational standards down. <\/p>\n

You\u2019ve gotten to the point now where the first two years of college used to be what you came out of high school with. And now you throw this whole free community college thing in there. Why is that even an issue? You know why that\u2019s an issue? Is because college itself, not junior college, but major institution of higher learning college, the tuition is exorbitant. We\u2019re getting to the point we need education care to send kids to college much like you need health care to go to the doctor. It\u2019s flat-out absurd. <\/p>\n

And you\u2019ll note, the president never, ever chastises Big Education. Never demands they lower prices. The president and the Democrats will chastise Walmart all day long and they\u2019ll chastise ExxonMobil all day long and they\u2019ll get all over the cable companies, and they\u2019ll get all over the telephone companies. Their enemies list is one industry after the other, drugs, pharmaceutical, but Big Education can raise their prices, it doesn\u2019t matter how much, and all we get is Obama and the Democrats launching new programs, student loans, student this, free community college in order for people to be able to access it and afford it. <\/p>\n