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Republican Proposal Would Impose 21% Tax on University Endowments
Best Colleges ^ | 1/31/25 | Mark J. Drozdowski

Posted on 02/26/2025 12:46:30 PM PST by DallasBiff

Under a bill proposed by U.S. Rep. Troy Nehls of Texas, Harvard would have to pay half a billion dollars in taxes per year.

A new Republican proposal wants Harvard University to help reduce the federal deficit.

The Endowment Tax Fairness Act seeks to levy a 21% tax on the endowments of wealthy universities, such as those in the Ivy League.

The bill introduced by U.S. Rep. Troy Nehls, R-Texas, on Jan. 15 would increase the existing 1.4% endowment tax instituted as part of the 2017 Trump Tax Reform Plan. Specifically, the tax applies to colleges with at least 500 students and more than $500,000 in endowment per student

(Excerpt) Read more at bestcolleges.com ...


TOPICS: Business/Economy; Chit/Chat
KEYWORDS: endowment; harvard
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To: DallasBiff

The universities need to be destroyed.


41 posted on 02/26/2025 2:25:45 PM PST by TheThirdRuffian (Orange is the new brown)
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To: DallasBiff

“I’m basically anti-tax, but it’s time for the liberal democrat universities, pay their fair share.”

Don’t forget to say “billionaire” liberal democrat universities, that really makes it fair!


42 posted on 02/26/2025 2:43:30 PM PST by PTBAA
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To: cgbg

If you destroy the rule of law and due process, don’t come crying to me when they come after you. Fool.


43 posted on 02/26/2025 3:41:28 PM PST by Romulus ( )
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To: Romulus

Your post would have been absolutely outstanding—fifty years ago.

The problem is the left has already destroyed the rule of law and made it clear they want to mandatory vaxx us, shut us up, Swat us and lawfare us at will, use the US Treasury as their piggy trough, slander us using public institutions etc etc etc.

That horse has left the barn.

I did not do that.

They did.

Their is no way we are going to “play fair” and improve our position in any way.

They are going to crush us if they get the chance—regardless of what we do.

They have left us with only one alternative.

Win.


44 posted on 02/26/2025 3:46:20 PM PST by cgbg (The Democrat Party is a criminal enterprise.)
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To: DallasBiff

Between Harvard and Yale, they can afford to chip in enough to buy a new nuclear powered submarine or two.


45 posted on 02/26/2025 3:47:58 PM PST by Sparticus (Primary the Tuesday group!)
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To: Sparticus

How about a new, big and beautiful atomic plant in the southern NY teir? One that could power Pittsburgh and Presque Isle downs. And all businesses in between.


46 posted on 02/26/2025 3:56:03 PM PST by Kudsman (We shall come rejoicing, bringing in the sheaves. )
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To: DallasBiff

What a great idea!


47 posted on 02/26/2025 5:43:27 PM PST by Colorado Doug (Now I know how the Indians felt to be sold out for a few beads and trinkets)
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To: DallasBiff

Finally! Bring those commies to heel!


48 posted on 02/26/2025 6:46:37 PM PST by Albion Wilde (“Did you ever meet a woke person that’s happy? There’s no such thing.” —Donald J. Trump)
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