Md. Democrats to push for affordable college, retirement

(AP) – Maryland Democrats have outlined plans to help people save for college and retirement.

The initiatives were highlighted Monday as priorities this session for Democrats, who control the House and Senate in Maryland.
    
They are backing a measure to create a matching program to encourage thousands of families to begin saving early for college. 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.

Categories: Maryland, Money