Apr 05 2010
Taxing California’s Big Oil to Fund Public Higher Education
As California’s institutions of higher education reel from steep budget cuts, a new bill, AB 656, seeks to restore funding through an extraction fee on big oil. Sponsored by Assembly Member and Democratic Attorney General Candidate Alberto Torrico, the “Fair Share for Fair Tuition” bill proposes that a 12.5% extraction fee be placed on oil corporations operating in the …
As California’s institutions of higher education reel from steep budget cuts, a new bill, AB 656, seeks to restore funding through an extraction fee on big oil. Sponsored by Assembly Member and Democratic Attorney General Candidate Alberto Torrico, the “Fair Share for Fair Tuition” bill proposes that a 12.5% extraction fee be placed on oil corporations operating in the …
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