Cruz: Tax-reform bill will benefit Texans in more ways than one

[LonestarDream]

Finally, the Senate passed my Student Opportunity Amendment to expand the hugely popular 529 College Savings Plans to include the opportunity to save and pay for public and private K-12 education. One columnist for FoxNews.com called this reform a "game changer" that "puts parents back in charge." Nearly 41,000 Texas families use 529 accounts to save for the college educations of their children and grandchildren in a tax-advantaged fashion. Anyone can contribute to a 529 account with after-tax money, which then grows tax-free and can be spent without paying taxes on the earnings. By expanding these accounts to include public and private K-12 education, my amendment gives parents in Texas and across the country a powerful tool to help them provide for their children's educational needs, regardless of income or ZIP code. This major reform — the most significant school-choice legislation in history — passed the Senate 50-50, with the vice president casting the tie-breaking vote.

- Ted Cruz

https://www.dallasnews.com/opinion/commentary/2017/12/20/tax-reform-bill-will-benefit-texans-ways-one

[endicom]

Good deal but it's sad that it needed Pence's vote to pass.

[LonestarDream]

Pence is a winner.