Proposed California Bill Finances Tuition-Free Higher Education Through Millionaire Tax

27Mar - by mh - 0 - In News Debt & Precarity


SACRAMENTO, CALIFORNIA–In order to address the rising cost of tuition at California’s three public higher education systems, Assemblywoman Susan Talamantes Eggman has proposed a one percent tax on all California household incomes above $1 million, reports Alexei Koseff of the Sacramento Bee. Eggman and other Assembly Democrats estimate the measure would generate $2.2 billion each year, to be placed in a financial aid fund. State residents will vote on the measure as early as 2018 if it passes by a two-thirds vote in the state’s Senate and Assembly.