14 to 17 year old teens saving for college by investing have just had their tax burden tripled by President Bush.

The $69 billion tax cut bill that President Bush signed this week tripled tax rates for teenagers with college savings funds, despite Mr. Bush’s 1999 pledge to veto any tax increase.

Under the new law, teenagers age 14 to 17 with investment income will now be taxed at the same rate as their parents, not at their own rates. Long-term capital gains and dividends that had been taxed at 5 percent will now be taxed at 15 percent. Interest that had been taxed at 10 percent will now be taxed at as much as 35 percent.

It is already indefensible that Bush has mortgaged the future of our young people with his phony war on terrorism. Now he is robbing them of their savings for college. When will it stop?