4 Articles
4 Articles
Universities brace for endowment tax hike as GOP’s ‘big beautiful bill’ heads to Senate
Colleges and universities will likely face an increase in taxes on their endowments after Republicans’ “Big, Beautiful Bill” passed the House and is now headed to the Senate. While some reports indicate administrators have hired lobbyists to try and water down the proposal, observers say some sort of tax hike is likely in the offing for these institutions. Rather than a flat rate… Source
Trump's Tax Plans Shake Confidence in the Dollar
By Paola SubacchiWhile Donald Trump's "great, beautiful" tax law is taking its way through the U.S. Senate, unrest is growing on the international financial markets. On May 16, Moody's rating agency lowered the creditworthiness of the United States from its long-held top rating AAA to Aa1 – a step that Standard & Poor's had already followed in 2011 and Fitch in 2023. Given the enormous US debt level of now $36 trillion (124 percent of GDP) and r…
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