Big Oil v California Students
Elizabeth Popham for Politics Daily
If oil companies in our state paid their fair share, students could afford college and we could begin to close our massive budget deficit.
If you're one of the millions of Californians who understand the value of a strong and thriving education system - from pre-school through post-grad - you can thank Chevron and its Big Oil buddies for the budget cuts that are breaking it down.
California is the 3rd largest oil producing state in the nation, and yet the ONLY oil producing state in the United States without an extraction tax. Texas has an extraction tax, Louisiana has a 12.5% tax, even Sarah Palin increased Alaska's oil severance tax (upwards of 25%) to pay for education programs. It's time that California joins the rest of the US, imposes a tax on oil companies for removing our state's resources, and uses the funds for real education finance reform.
In California we have a $20 billion dollar deficit. Massive tuition hikes and cutting education
Read more: http://www.sfgate.com/cgi-bin/blogs/rtarbotton/detail?entry_id=58754#ixzz0hm8CNbLv