Trump’s tax plan could significantly alter charitable contributions and college endowments.
A recent tax and spending bill, once referred to as “one big and beautiful bill,” has been approved by Congress and signed into law by President Trump. Starting next year, Americans can expect a number of changes in tax policy coming from this legislation. Recently enacted, the law continues the tax cuts initiated in 2017 […]
We cannot increase taxes on endowments because we are in competition with China.
During a segment on Bloomberg’s “Balance of Power,” Representative Jake O’Cincolos (D-MA) argued that increasing taxes on university funds seems illogical, especially as they strive to compete with China in the realms of research and development. Co-host Kylie Lane responded, noting that Republicans perceive the looming tax hike differently; it could raise the donation tax […]
Universities Should Have Endowments Taxed, Lose Federal Funding
On Thursday's Fox News Channel's “Ingraham Angle,” Sen. Josh Hawley (R-MO) argued that donations should be taxed to the university and that “these people should not get federal funds.” While discussing Columbia University, Holy said: “By the way, do you know what we should do? We tax their contributions. These universities are huge hedge funds […]
Exclusive — Sen. Tom Cotton Proposes Tax on ‘Woke’ University’s Endowments
Sen. Tom Cotton (R-AR) proposed laws Tuesday that taxes “wake-up” college donations and cancels student loans for “crime” protesters. Cotton has announced the Awakened Fund Security Tax (West) Act. This is a bill that launches a 6% sales tax on 11 American college donations, which uses revenue to repay borders and secures southern borders. “We […]
GOP bill targets endowments in response to sky-high tuition, as Harris touts loan bailout
First appearance on FOX – With the new school year approaching and education costs expected to be a key issue in the presidential election, Republican Rep. David Joyce of Ohio is promoting a bill that targets bloated college endowments as an alternative to cutting education costs. The bill that Joyce will introduce this week with […]