GOP Weighs 21% Tax On University Endowments

politics

Update (1335ET): As Trump's 'tax the rich' idea has reportedly resulted in "massive finger pointing and disarray," according to Charles Gasparino, Bloomberg now reports that House Republicans are weighing a proposal to dramatically increase taxes on wealthy university endowments, according to people familiar with a draft of the tax package under discussion. The plan, not yet finalized, would create a tiered system that raises the current 1.4% levy to rates as high as 14% to 21%, depending on endowment size.

ZeroHedge Opinion     May 09, 2025