Channeling his inner Bernie Sanders, Roy Cooper wants to giveaway free community college tuition.
But we already have a federal tax credit of $2,500 for tuition and it’s refundable up to $1,000, which means you get a thousand dollar check even if you don’t owe any tax.
So using that tax credit, few would probably pay more than $1,400 in tuition. Throw in a Pell Grant and a low-income student likely pays nothing, while middle class families get a significant tax savings to offset tuition cost.
In effect, the Governor is promising a free tuition giveaway when it’s heavily subsidized already. All Roy Cooper’s plan does is give him a chance to posture and preen while peddling the old canard that there really is a free lunch when there isn’t, because someone always pays.