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Sacramento - A measure to dramatically reduce the cost of a higher education in California, authored by Assembly Speaker John A. Pérez, has been approved on a bipartisan vote by the Assembly. Assembly Bill 1501 establishes the Middle Class Scholarship program (www.MiddleClassScholarship.com). The Speaker says passage of the Middle Class Scholarship Act will make college more affordable for middle class Californians, covering students whose family income is under $150,000 but over the amount allowed to qualify for most financial aid. The Middle Class Scholarship Act also includes Assembly Bill 1500, which closes the wasteful elective Single Sales Factor tax loophole that benefits out-of-state corporations and deposits the revenues into the Middle Class Scholarship Fund. The Assembly has not yet voted on AB 1500. Here’s more on AB 1501 from Speaker Pérez in this Assembly Access video. www.asmdc.org/speaker