House Narrowly Passes GOP Tax Bill Targeting Harvard’s Endowment with 21 Percent Tax

House Narrowly Passes GOP Tax Bill Targeting Harvard’s Endowment with 21 Percent Tax

The U.S. House of Representatives passed a sweeping Republican-backed tax and spending bill Thursday that would impose a 21 percent tax on Harvard’s endowment returns — the latest in a series of federal measures inflicting harsh financial penalties on the University.

Harvard’s Best Protection is to Get Off the Federal Teat

It’s the best shield when the executive branch tries to strong-arm private universities. by Autumn Billings Reason.com The Trump administration announced on Thursday that it is rescinding Harvard University’s ability to enroll international students, increasing pressure on the school to fall in line with the president’s agenda. In a letter obtained by The New York Times, Homeland Security Secretary Kristi Noem told the university: “I am writing …

26 U.S. Code § 1411 - Imposition of tax