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Life Arts    H3'ed 4/24/16

College Could Be Free In America If Corporations Paid Reagan-Era Taxes

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If corporations paid the same tax rate as they did under Ronald Reagan, governments in the U.S. would have enough money to fund prekindergarten for every 4-year-old in America and higher education for every American attending public colleges and universities, according to a Huffington Post review of government data.The average annual difference, if applying Reagan-era tax rates to Obama-era profits, comes out to $166.7 billion.

That’s enough to cover the estimated $25 billion  in annual costs to allow every 4-year-old in the nation to attend public pre-K programs and the close to $65 billion that students spend on tuition to attend public colleges and universities, leaving close to $78 billion — roughly the amount  that the federal government spent on food stamps during the most recent fiscal year — left over to fund other public policy priorities in the U.S. and abroad.

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At www.huffingtonpost.com

 

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Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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