House Republicans propose higher taxes on university endowments
- House Republicans, led by Ways and Means Chairman Jason Smith, proposed raising the tax on large university endowments on May 12, 2025, in Washington, D.C.
- The proposal aims to increase the existing 1.4% excise tax to 21% for endowments exceeding $2 million per student, reflecting ongoing efforts to fulfill Trump's campaign promises.
- The legislation exempts religious and public institutions, aims to generate approximately $70 billion in revenue over the next decade, and is included within a larger tax and spending reconciliation bill.
- Smith emphasized that the new tax will affect 80 million workers with no tax on tips or overtime pay and quoted the principle that "Taxpayer funds are a privilege."
- Republicans hope the bill will cement Trump-era tax cuts and invest revenue into American manufacturing and seniors' tax relief while using reconciliation to bypass filibusters.
19 Articles
19 Articles
Private Colleges With Massive Endowments Face Tax Hike Under Republican Plan
House Republicans are proposing a sharp increase to the excise tax on investment income earned by the nation’s wealthiest colleges and universities. On Monday, the Republican-led House Ways and Means Committee released the full text of the long-awaited tax and spending bill. The legislation would, among many other things, raise the tax on private institutions’ endowment income from the current 1.4 percent to as high as 21 percent, aligning it wi…
Colleges Spend Heavily on Lobbying
Amid conflict with the Trump administration, many institutions have increased federal lobbying efforts, in some cases doubling or tripling what they spent in the first quarter of 2024. As President Trump’s broadside attacks on higher education continue, few institutions have shown a willingness to push back publicly. But behind closed doors, the sector has already pumped millions of dollars into federal lobbying efforts this year to plead their …
Elise Stefanik Skewers Another University President
Haverford is considered the Ivy League of women’s schools, but there are questions, including a lawsuit about their refusal to discipline based on anti-Semitic acts. Republicans held a hearing five days ago to address Haverford and other elite schools where Jewish students are fearful. Democrats and the media are lashing out at Republicans for doing […] The post Elise Stefanik Skewers Another University President appeared first on www.independen…
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