Obama Administration Official Defends Proposal to Repeal College-Savings Tax Break.

The article focuses on the insights given by U.S. government officials on the proposal to dismantle a popular college savings tax break. Topics covered include the impact of the proposal on withdrawals from college savings plans for tuition, the response by White House Council of Economic Advisers Chairman Jason Furman to the plan and the effort by the government to remove tax breaks for top earners and help middle- and lower-income households.