…(UC President
Yudof indicated that) UC has supported, with amendments, a bill proposed by
Assembly Speaker John A. Pérez (D-Los Angeles) that would provide students with
a family income less than $150,000 a scholarship to cover about two-thirds of
college fees. About 42,000 UC students would receive the Middle Class
Scholarship, saving up to $8,169 per year, according to an analysis by the
Assembly Democratic Caucus. Approximately 150,000 California State University
students would save $4,000 each year, and the California Community Colleges
would get $150 million for financial aid.
The money to fund the scholarship would come from closing a loophole
that allows out-of-state corporations to choose the tax rate they owe
California, according to the bill's proponents. The bill is in committee and
requires two-thirds majority in the Legislature to pass.
Note that because – as the excerpt above indicates - tax
bills require a 2/3 vote of the legislature, the bill is unlikely to pass. Photo of Yudof and Pérez above.
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