…(A) closely watched
bill may have been too unwieldy to gain orbit. That was Assembly Speaker John
Pérez's gambit for new corporate taxes to fund middle-class college
scholarships. By Friday night, the bill had been rejiggered to earmark some of
the expected corporate tax dollars for paying off K-12 school debts, to replace
a planned timber tax, revive the Healthy Families health care plan for
low-income families. And those were just
for starters -- as it may have helped keep some tobacco company taxes lower. Pérez,
who worked virtually every angle on the bill, couldn't wrangle enough votes on
the so-called mega deal. It officially died just after 1:00 a.m., one of only a
few bills eligible for extra hours past the midnight deadline…
Full article at http://www.news10.net/capitol/article/207606/525/Big-bills-live-die-as-Legislature-adjourns
Readers of this blog will know that the same corporate tax
loophole would be closed by a proposition on the state ballot in November, but
the revenues under that proposition are not earmarked for tuition reduction. Our earlier post on this bill is at:
http://uclafacultyassociation.blogspot.com/2012/08/could-legislature-pass-last-minute-tax.html
http://uclafacultyassociation.blogspot.com/2012/08/could-legislature-pass-last-minute-tax.html
Anyway, down the drain went the tuition bill, despite having the votes in one house of the legislature:
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