Taxing OpportunityMay 11, 2018 |
by Chuck Collins, Josh Hoxie
Decades of regressive tax cuts and subsequent budget cuts have undermined the rosy reality of higher education in California. Resulting tuition increases have shifted the cost of college on to students and their parents. Restoring Opportunity: Taxing Wealth to Fund College for All in California found that $18 billion in revenue has been lost to tax cuts for wealthy Californians since 2003, and over that same period, college tuition increased by 70 percent after accounting for inflation.