Two weeks ago President Obama announced that two years of community college should be free for everyone. While liberals were excited by the proposal, conservatives mocked the idea and wondered just how the president intended to pay for it.

Wonder no more. During his State of the Union address on Tuesday President Obama will be announcing a new tax package including $320 billion in tax hikes. Americans for Tax Reform went through his proposal and found this buried deep within it:

Under current law, 529 plans work like Roth IRAs: you put money in, and the money grows tax-free for college. Distributions are tax-free provided they are to pay for college. TRENDING: CNN's Anderson Cooper And Joe Biden Caught On Camera Completely Ignoring Social Distancing Rules Under the Obama plan, earnings growth in a 529 plan would no longer be tax-free. Instead, earnings would face taxation upon withdrawal, even if the withdrawal is to pay for college.

This is so typical of Obama and Democrats in general. His idea is to offer free college by taxing those who have been sacrificing, saving and planning ahead for their children’s college expenses and redistributing the money to those who didn’t.

Here’s how some on Twitter reacted:

Not joking: Obama wants to pay for his community college gimmick by double-taxing — wait for it — college savings plans. — Sean Davis (@seanmdav) January 18, 2015

Not joking: Obama wants to pay for his community college gimmick by double-taxing — wait for it — college savings plans. — Sean Davis (@seanmdav) January 18, 2015

@seanmdav @Rkirnum Again, punish the responsible by transferring their wealth to the irresponsible. Obama is consistent. — Jeff Henderson (@jkhgovols) January 18, 2015

RELATED: 10 Most Jaw-Dropping WWII Posters and Ads [Photos]

“How should we pay for my ‘free’ community college plan?”

“Let’s steal from people who saved money for college!”

http://t.co/7qmJqMqwd5 — Sean Davis (@seanmdav) January 18, 2015

This is an example of why I despise Obama and Democrats so much, they ALWAYS want to steal money from those who work hard and sacrifice and give it to those who did not.

To take from one, because it is thought his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers, have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, the guarantee to everyone the free exercise of his industry and the fruits acquired by it. – Thomas Jefferson, letter to Joseph Milligan, April 6, 1816

What do you think of this?





