At the same time it's an attack against 529s. So I think it's actually a cat fight between the lower and middle middle class liberals, and the upper middle class liberals.
Which, of course, is excellent.
I seem to be a lone voice around here when I point out 529s are just a "targeted tax cut" scheme to funnel more money in the liberal education racket, like pell grants and student loans. That in turn allows educrats to raise tuitions, pay themselves more and hire lefty professors. Why should saving for your kid's college be tax exempt, but saving to help them buy a house or start a business isn't? If you support 529s please explain that to me. The government should quit using the tax code to tell people what they should do with their own money and just lower rates in general.