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House GOP Proposes 21% Tax Hike on College Endowments

5/12/2025

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Republicans Propose Tax Hike

House Republicans are gearing up to propose a dramatic hike in endowment excise taxes for private colleges, potentially soaring to 21%. This controversial plan seeks to finance tax cuts and tackle issues surrounding "woke" institutions. Education leaders are sounding alarms, fearing that these changes could jeopardize the financial health and core missions of smaller colleges.

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In a bold move, President Trump declared that the NFL draft will take place in Washington, D.C., on May 5, 2025. Meanwhile, Wisconsin Republicans shot down key budget proposals from Democratic Governor Tony Evers, including tax hikes and Medicaid expansion. Evers slammed the Legislature for their inaction as discussions for a tax cut plan unfold against a backdrop of a $4 billion surplus.

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Republicans Propose Tax Hike

House Republicans are gearing up to propose a dramatic hike in endowment excise taxes for private colleges, potentially soaring to 21%. This controversial plan seeks to finance tax cuts and tackle issues surrounding "woke" institutions. Education leaders are sounding alarms, fearing that these changes could jeopardize the financial health and core missions of smaller colleges.

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