Around New England

Sonia Chang-Diaz Wants To Tax Endowments of Rich Private Universities To Fund Free Public College

September 9, 2021

Massachusetts gubernatorial candidate and state Senator Sonia Chang-Diaz (D-Jamaica Plain) wants free public college — and she offered a way that she thinks will pay for most of it.

She says that the proposal would cost $2 billion per year. Her plan to fund most of it is a 2.5 percent tax on college endowments exceeding $1 billion, according to Boston.com.

The tax would primarily affect Harvard University and the Massachusetts Institute of Technology.

Chang-Diaz is one of three Democrats that are running for governor in Massachusetts. The others are former state senator Ben Downing and Harvard professor Danielle Allen. It’s unclear if Maura Healey, the state attorney general, will also run.

New to NewBostonPost?  Conservative media is hard to find in Massachusetts.  But you’ve found it.  Now dip your toe in the water for two bucks — $2 for two months.  And join the real revolution.