Maryland Democrats Pushing for Affordable College and Retirement

Maryland Democrats announced Monday that plans to help people save for college and retirement are a priority this session.

The Democrats, who currently control the House and Senate in Maryland, are backing a measure to create a matching program to encourage thousands of families to start saving for college early. The state would provide a $250 match for money put in a college savings plan.

The measure also would create a tax credit program to help middle class workers with student debt exceeding $20,000. It would provide a tax credit of up to $5,000 for about 1,000 people.

Democrats say they also support creating incentives for Maryland businesses to provide retirement savings plans for their employees, but details remain to be worked out.

Copyright AP - Associated Press
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