NEWS BRIEFS: Congressional Republicans Seek to Increase Endowment Tax

Threatening and coercing, reducing/cutting research funding, and increasing the endowment tax to as much as 21%. Let us count the ways Republican legislators (following the Trump and Vance lead) seek to humble higher education, a sector that poses a significant threat to their authoritarian/fascist regime. Per Inside Higher Education, “If the legislation passes, the tax rate for each institution would range from 1.4 to 21 percent, depending on the size of its endowment and the number of students it enrolls, according to the 339-page bill. As with the existing endowment tax, the increases would apply only to private institutions.” Read more here.

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