The College for All Act, a grassroots measure proposed for the 2018 ballot, would use an estate tax on the wealthiest 0.2 percent of Californians to supplement California’s current higher education budget. The tax would start at 12 percent on estates and gifts of $3.5 million and increase until 22 percent with the increased value of an estate or gift. This would make in-state, public undergraduate higher education tuition-free for all California residents, supplementing the current education budget by about $4 billion per year.

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by Shinae Lee, City On A Hill Press.

Posted: February 15th, 2018, by: admin. Categories: . Awaiting Comments.