Report Urges Tax Code Changes to Help Middle Income Afford College

The federal tax code should do more to help middle-income Americans afford college -- but that goal can be accomplished without the sort of wholesale restructuring of higher education tax benefits that many are advocating, the Center for American Progress argues in a paper to be released today. In the paper, some of the center's experts urge changes that would cap certain benefits and expand others, with the overall goal of encouraging more savings by middle income Americans. Many of the tax code benefits for higher education now greatly favor wealthy Americans, the report says.