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A good investment

Is President Biden’s proposal for tuition-free education for community college students a good idea? Yes, and it pays for itself. How? Although there are many exceptions, on average, high school graduates will earn thousands of dollars more in lifetime earnings than will high school dropouts and college graduates, on average, will earn hundreds of thousands of dollars more in lifetime earnings than will high school graduates.

Higher lifetime earnings translate into greater tax revenue that more than pays for the free tuition for the community college students. Medicare and Social Security payroll tax deductions are also a good investment.

Again, I believe on average, most workers and their dependents will collect more in future lifetime benefits than they and their employers’ match of payroll tax deductions ever paid into the Medicare and Social Security Trust Funds.

Medicare and Social Security payroll tax deductions and tuition-free higher education for college students are all good investments, on average, for most Americans.

DAVID L. FAUST

Selinsgrove

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