From San Jose State University’s Daily Spartan:

In the middle of drastic state budget cuts, a proposal to tax oil companies in California to fund higher education has won support with some student and faculty organizations.

According to the text of the bill, a 9.9 percent tax would be placed on all oil and natural gas extracted in California.

The estimated $1 billion raised will be split among the University of California, California State University and California Community Colleges systems, according to the bill.

At the very least, this is a smart move politically. When politicians try to defend oil companies, their words usually fall on deaf ears.

Jesse Singal

Jesse Singal is a former opinion writer for The Boston Globe and former web editor of the Washington Monthly. He is currently a master's student at Princeton's Woodrow Wilson School of Public and International Policy. Follow him on Twitter at @jessesingal.