Bill would cut tuition by closing corporate loophole

Tuition for the University of California system is three times what it was a decade ago.

Democratic lawmakers are offering a way to help California’s middle class families cope with soaring college tuition: close a corporate tax loophole and use the money for scholarships.

But the “Middle-Class Scholarship Act,” which receives its first committee hearing this week, already is facing several obstacles.

Five out-of-state corporations are lobbying against it, and Republican lawmakers are promising to block Democrats from reaching the two-thirds majority vote they need in the Legislature.…Read More