Dedicating a portion of the sales tax–the state’s largest general tax–is not good fiscal policy. It would reduce the amount of funds subject to an already weak state expenditure limit in addition to other problems.
Higher Education Subsidization: Why and How Should We Subsidize Higher Education?
We provide massive college subsidies at both the federal and state level. This paper explores the justifications for these college subsidies, subsidy design considerations, and evaluates the main subsidy programs to assess whether they are well-designed. Our evaluation discovers reasons to eliminate some subsidies and ways to improve other subsidies. Key points: Subsidies for higher...