Universities thrown into turmoil by Trump administration funding cuts are now facing a new and possibly larger threat in the form of tax hikes from the Republican congressional majorities.
Republicans are weighing a major increase in the tax on big university endowments, as well as a raft of other measures to raise revenues from higher education.
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The GOP is motivated to raise taxes on universities because it needs to find revenues to offset the major tax cuts it aims to enact in a sweeping fiscal overhaul. However, higher education is also a prime target because Republicans view it as overrun by left-wing radicalism.
“I love it. We should do it,” Rep. Troy Nehls (R-TX)
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