US EditionWhat CFOs Need To Know About Policy Changes In Trump’s Tax Law
UNITED STATES, JUL 15 – The new law increases taxes on wealthy university endowments and eliminates the Grad PLUS student loan program, saving taxpayers an estimated $50 billion over the next decade.
- Earlier this month, the One Big, Beautiful Bill was signed, codifying President Donald Trump's 2017 tax cuts with added provisions.
- Without new legislation, the tax cuts would have expired this year, prompted enactment, as it was necessary to extend the TCJA provisions beyond December 31, 2025.
- In 2023, 56 universities paid about $380 million under the endowment tax, CNBC's Robert Frank noted that for universities with endowments between $750,000 and $2 million, the tax rate increases to 4%.
- Students will still access the standard student loan program with caps of $20,500 per year and $100,000 overall.
- The law accelerates the expiration of Opportunity Zones to December 31, 2026, the Congressional Budget Office estimates, and the Congressional Budget Office estimates the bill will add more than $3 trillion to the deficit.
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Total News Sources38
Leaning Left4Leaning Right2Center28Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
12%
C 82%
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