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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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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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