This map shows the 36 school districts that are proposing to override the tax cap in 2016. The list come Election Day may be somewhat smaller, as some schools that notified that Education Department that they would override the cap may choose not to do it based on public feedback, along with increased state aid.
Except for cash for clunkers, this has to the most idiotic ideas of the Obama presidency. Capital gains from middle-class savings should never be taxed, especially not for college purposes.
In contrast, if you made college loans taxable income. If students had to pay state and federal taxes on college loans, every year they took them out, they would be much less likely to rely on loans for education purposes. This would free students from education debt.
I think the federal government should provide local school districts with W-76 thermonuclear warheads. The feds have plenty of them left over from the 1970s, and they would only incinerate on average 40 square miles of the school district.
It could be used -- in the most urgent of circumstances only -- against taxpayers in communities that fail to fully understand the importance of paying for a quality education for all children.