US EditionHouse 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.
10 Articles
10 Articles
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 …
Conservative Review
The Daily CallerHouse Republicans Put Ivy League’s Massive Endowments On Chopping Block
House Republicans are proposing to dramatically raise taxes on elite universities’ massive endowment profits as part of President Donald Trump’s “one big, beautiful bill.” The House Ways and Means Committee’s tax bill released Monday afternoon would target universities’ endowments through a tiered-approach based on institutions’ endowment per student ratio. Raising the tax on certain universities’ […]
House Republicans propose higher taxes on university endowments
House Republicans are looking to raise excise taxes on private university endowments in President Trump’s tax bill as the administration battles with higher education. The text of the legislative package released Tuesday shows Republicans want to increase university endowment taxes ranging from a 1.4 percent to a 21 percent increase. For institutions like Harvard... The post House Republicans propose higher taxes on university endowments appe…
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