Tax reckoning coming for besieged universities– www.washingtonexaminer.com
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Excerpt:
Universities thrown into turmoil by Trump administration funding cuts are now facing a new and possibly larger threat in the form of tax hikes from the Republican congressional majorities.
Republicans are weighing a major increase in the tax on big university endowments, as well as a raft of other measures to raise revenues from higher education.
The GOP is motivated to raise taxes on universities because it needs to find revenues to offset the major tax cuts it aims to enact in a sweeping fiscal overhaul. However, higher education is also a prime target because Republicans view it as overrun by left-wing radicalism.
“I love it. We should do it,” Rep. Troy Nehls (R-TX) told the Washington Examiner when asked about raising taxes on college endowments.
