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GOP Eyes Endowment Tax Hike
News May 09, 2025 at 03:51 PM
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What You Need To Know
- Republicans are reportedly considering boosting the 1.4% endowment tax to rates as high as 14% to 21%.
- An increase to 14% could raise $10 billion over 10 years.
- Harvard, in particular, with a $53.2 billion endowment, has been fighting with the Trump administration over its demands for changes at the school.
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