Assembly Bill 1356, by Assemblywoman Susan Talamantes Eggman, would add a 1 percent tax on annual California household incomes of $1 million or more, to be placed in a financial aid fund.
The tax would generate an estimated $2.2 billion annually, according to the Stockton Democrat, which could be combined with existing aid programs to cover the cost of tuition and fees for in-state students at the University of California, California State University and California community colleges.
AB 1356 is contingent on a ballot measure: If passed by two-thirds of both legislative houses, it would go before voters, potentially in 2018, for final approval.
Republican lawmakers who are powerless to do anything constructive in the Legislature believe providing more aid is the wrong approach.
Assemblyman Kevin Kiley, R-Rocklin, in a preposterous statement, said the proposed tax increase “would hurt the very students it is supposed to help” by “further driving away businesses, jobs, and capital” and diminishing “the economic opportunities that are available to students once they graduate.”
So lower tuition would hurt students? Another example of why Republicans are a super-minority in the Legislature.
Read the whole story in the Sacramento Bee
Categories: Sacramento Update