04/13/2017

No Escape From New York: If You Get Free Tuition You Can’t Leave

Carl Campanile, New York Post

Gov. Andrew Cuomo’s much-heralded new program for free tuition at state colleges comes with a huge catch: You have to sign years of your life away to get it.

Under a provision that was added to the tuition bill at the last moment, students who get a free ride at CUNY and SUNY schools must live and work in New York state for up to four years after graduation, or be forced to pay the money back.

The amendment — which was not part of Cuomo’s original offer of free college for middle-class students — was added at the insistence of Republicans in the state Senate.

The GOP members worried that taxpayer-educated students would take their valuable knowledge and flee to other parts of the US, particularly from remote upstate communities.

“New York spends $1 billion on college financial assistance. There is a brain-drain problem,” said Senate GOP spokesman Scott Reif.

“We have to get away from educating people and then having them move away. We want to create a climate for business and new jobs.”

Cuomo agreed with the change.

Read full article



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Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

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