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Close Tax Loophole to Fund Middle-Class UC/CSU Scholarships

Aired 2/8/12 on KPBS News.

The Speaker of the California Assembly is proposing big reductions in UC and CSU fees for students from middle-class families. He would pay for those scholarships by requiring businesses to pay taxes based on their in-state sales.

The Speaker of the California Assembly is proposing big reductions in UC and CSU fees for students from middle-class families.

Democrat John Pérez wants to cut those fees by two-thirds for students whose families earn too much to qualify for financial aid - but less than $150.000.

The speaker would pay for those scholarships by requiring businesses to pay taxes based on their in-state sales.

Right now, they can choose between that and a different formula which critics say discourages out-of-state companies from hiring Californians.

"We're closing that loophole that only benefits out-of-state corporations at the expense of the rest of us in the state. And we're taking that benefit and directing it to middle-class families who are struggling to put their kids through college," said Pérez.

But that's considered a tax increase - and would therefore require Republican votes.

Senate Minority Leader Bob Huff said lawmakers should reduce pension costs and balance the budget before addressing the state's tax system.

Comments

Avatar for user 'Moravecglobal'

Moravecglobal | February 8, 2012 at 8:32 p.m. ― 2 years, 10 months ago

UC Berkeley (UCB) pulls back on admission offers to California residents. Chancellor Robert J Birgeneau displaces Californians qualified for public Cal. with a $50,600 payment from foreign students. And, foreign student tuition is subsidized in the guise of diversity while instate student tuition/fees are doubled.

UCB is not increasing enrollment. Birgeneau accepts $50,600 foreign students and displaces qualified instate Californians (When depreciation of assets funded by Californians are in foreign and out of state tuition calculations, out of state and foreign tuition is more than $100,000 + and does NOT subsidize instate tuition). Like Coaches, Chancellors Who Do Not Measure-Up Must Go.

More recently, Chancellor Birgeneau’s campus police deployed violent baton jabs on students protesting Birgeneau’s tuition increases. The sky will not fall when Birgeneau and his $450,000 salary are ousted. Opinions make a difference; email UC Board of Regents marsha.kelman@ucop.edu

( | suggest removal )