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Republicans Go There: Jacking the Tax
Up on University Endowments UPDATE

Original Article

Posted By: sunset, 2/27/2025 11:38:54 AM

Congressional Republicans must really be feeling their oats, and it is long past the time they did. No one thought Speaker Johnson would manage to get a budget resolution through and that the Senate had one-upped up with theirs, even though Trump preferred the House version. What got lost in all the budget excitement was a bill Republicans had previously introduced. As presented by Rep Troy E. Nehls (R-TX-22), the beautifully named Endowment Tax Fairness Act would raise the tax on the endowments of private schools that were sitting on cash hoards of $500K per student or more from 1.4% to 21%.

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They revised it to 14% in reconciliation but made it apply more broadly.

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Reply 1 - Posted by: DVC 2/27/2025 11:45:25 AM (No. 1904836)
LONG overdue for these anti-American, destructive brainwashing centers.
23 people like this.

Reply 2 - Posted by: Vaquero45 2/27/2025 11:49:48 AM (No. 1904838)
Heh, heh, heh....
10 people like this.

Reply 3 - Posted by: oldmagnolia 2/27/2025 11:56:42 AM (No. 1904843)
About time. Tax them.
15 people like this.

Reply 4 - Posted by: VAPMAN 2/27/2025 11:56:47 AM (No. 1904844)
Aren’t these institutions the billionaires the democrats are so anxious to go after to pay their fair share?
21 people like this.

Reply 5 - Posted by: stablemoney 2/27/2025 12:04:36 PM (No. 1904850)
The Democrats exempt themselves from taxation. When they want to raise taxes, it is not on everyone, not on them.
8 people like this.

Reply 6 - Posted by: anniebc 2/27/2025 12:05:09 PM (No. 1904851)
A little bit of good news.
8 people like this.

Reply 7 - Posted by: dwa 2/27/2025 12:41:32 PM (No. 1904882)
These universities also need to start being charged for not following the law that requires them to report foreign money donated or given to the university. China has been a big "giver" and has influenced the universities through the amount of money it gives. The universities are not complying with the law and nothing has been done.
11 people like this.

Reply 8 - Posted by: Gallo3 2/27/2025 12:50:23 PM (No. 1904896)
NGO Admins and Board Members continuously brag about their staggeringly huge endowments, and how they are therefore 'Trump-proof', and able to weather budget cuts until the next bunch of Communist Grifters come back in power. We should immediately begin taxing them at the Corporate Rate, and confiscate their giant nest eggs to both balance the budget and limit the amount of Sandalista Marxist Mischief they constantly engage in.
7 people like this.

Reply 9 - Posted by: chance_232 2/27/2025 12:56:21 PM (No. 1904905)
Universities are sitting on billions and billions in endowments, but yet demand federal funding, donations and increased tuition fees. Not one dime benefits a student.
8 people like this.

Reply 10 - Posted by: nerdowell 2/27/2025 3:22:17 PM (No. 1904978)
B-B-But-- what'll this do to athletic programs-- especially for transgenders?
1 person likes this.

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Republicans Go There: Jacking the Tax
Up on University Endowments UPDATE
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Posted by sunset 2/27/2025 11:38:54 AM Post Reply
Congressional Republicans must really be feeling their oats, and it is long past the time they did. No one thought Speaker Johnson would manage to get a budget resolution through and that the Senate had one-upped up with theirs, even though Trump preferred the House version. What got lost in all the budget excitement was a bill Republicans had previously introduced. As presented by Rep Troy E. Nehls (R-TX-22), the beautifully named Endowment Tax Fairness Act would raise the tax on the endowments of private schools that were sitting on cash hoards of $500K per student or more from 1.4% to 21%.
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