The download: Harvard, with a steep tax increase under Trump Bill is available

Harvard, with a steep tax increase under Trump Bill opposite each other

While the Trump administration cuts its top-class war against Harvard University-hundreds of dollars of federal research financing and its accreditation and enrollment of international students in question-the administration quietly achieved a further victory in its broader attack on university formation by a steep increase in the tax increase for Investment gains for the WEATTHY universities included in the massive tax and which had committed the presidency in an earlier month.

Harvard will be the hardest hit of every university. The new foundation tax costs the school 266 million US dollars a year. The only other Massachusetts University is increased by the new tax, with the annual tax increasing by an estimated $ 129 million.

Like all non -profit organizations, universities have long had tax -free status. A tax for the university's foundation gains was first introduced in 2017 as part of the tax reduction in its first term. This legislation imposed a tax of 1.4 percent on the foundation gains of the richest US universities who enrolled at least 500 full-time students and had a foundation of more than $ 500,000 per student.

But that only aroused the appetite of the Republicans of the Congress who had strived for the tax. This was possible with Trump's return to the White House, supported by the Republican control of both congress chambers.

Republicans say it is only fair that schools with enormous foundations are taxed on their investment profits. However, these arguments came with more than one indication of the added animus in the direction of higher Ed, which showed the universities as province of the “radical left” or vice president JD Vance, whose thinking was hardly subtle in a speech four years ago, which was kept four years ago, with the title “The universities are the universities.”

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