‘The lobbying effort came as the Ivy League university's endowment increased by $11.3 billion in the 2020-2021 fiscal year, an increase of 33% from the previous year. Similarly, Stanford's investments increased by 40.1% in the same fiscal year.
Despite the massive increase in their endowments, the universities have continued to push for the repeal of the 1.4% tax, which was enacted in the 2017 Tax Cuts and Jobs Act signed by then-President Donald Trump.’
Maybe they should some of those billions to reduce tuition fees and forgiveness of student loans? And eliminate paying 6 figures for a Director of Lesbian Diversity and their staff?
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Despite the massive increase in their endowments, the universities have continued to push for the repeal of the 1.4% tax, which was enacted in the 2017 Tax Cuts and Jobs Act signed by then-President Donald Trump.’
Maybe they should some of those billions to reduce tuition fees and forgiveness of student loans? And eliminate paying 6 figures for a Director of Lesbian Diversity and their staff?
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Ivy League schools pleading with Congress for tax break in reconciliation bill - Washington Examiner
Several private universities boasting multibillion-dollar endowments have engaged in substantial lobbying efforts to convince Democrats in Congress to repeal a 1.4% excise tax on private college endowments. The leaders of several of the nation's most prestigious private universities, including...
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