I've proposed something I think is pretty innovative. We're going to allow you to save tax free for a down payment, and We're also going to allow businesses to contribute to that fund [for home down payments]. the version of a 529 education savings plan, which, by the way, I'm a big fan of. We have about 400,000 families across Michigan using it to defray costs of higher education. (03:55–03:59)
CLAIM
Proposes allowing businesses to contribute to tax-free savings for home down payments.
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