Saturday, December 23, 2017

Estate Tax for Free Tuition?

An initiative has been cleared for circulation that would subsidize tuition through a new estate tax in California. Before you get too excited, note that it typically costs something like $2 million to hire signature gatherers. It's not clear what support the proponents have. They have enough money for a website (screenshot above) and a law firm that handled filing the petition (plus the $2,000 filing fee). Whether any outside group that could come up with the money is behind the proposition is unknown.

You can find the official title and estimated revenue impact at: (scroll down to initiative 17-0038). A link to the initiative itself is there, too.

An article about the initiative is at:

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