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Harvard, other Ivies hit with endowment tax hike in Trump spending bill

MIDDLESEX COUNTY, MASSACHUSETTS, JUL 9 – The new law raises endowment tax rates from 1.4% to 8% on the wealthiest U.S. colleges, potentially generating billions in government revenue, officials said.

Summary by USA Today
President Donald Trump's massive tax and spending package levies a hefty tax on the universities with the largest endowments.

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USA Today broke the news in United States on Tuesday, July 8, 2025.
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