Reference no: EM133430835
"[The College for All Act] would provide $47 billion per year to states to eliminate undergraduate tuition and fees at public colleges and universities.
Today, total tuition at public colleges and universities amounts to about $70 billion per year. Under the College for All Act, the federal government would cover 67% of this cost, while the states would be responsible for the remaining 33% of the cost....
States would be able to use funding to increase academic opportunities for students, hire new faculty, and provide professional development opportunities for professors....
[This program would be] fully paid for by imposing a Robin Hood tax on Wall Street. This legislation is offset by imposing a Wall Street speculation fee on investment houses, hedge funds, and other speculators of 0.5% on stock trades (50 cents for every $100 dollars worth of stock), a 0.1% fee on bonds, and 0.005% fee on derivatives. It has been estimated that this provision could raise hundreds of billions a year which could be used not only to make tuition free at public colleges and universities in this country, it could also be used to create millions of jobs and rebuild the middle class of this country."
--Senator Bernie Sanders, Summary of College for All Act, April 2017
After reading the above, respond to A, B, and C below.
A. Describe the political ideology behind Senator Sander's proposed law.
B. Explain how the proposed law would affect federal fiscal policy.
C. Explain how the early stages of the policymaking process led to the proposed law.