Posts - Bill - HR 1128 Endowment Accountability Act
house 02/07/2025 - 119th Congress
We are proposing the Endowment Accountability Act to amend the Internal Revenue Code by increasing the excise tax on investment income of private colleges and universities from 1.4% to 10% and lowering the asset threshold per student from $500,000 to $200,000. This aims to ensure that wealthier educational institutions contribute more significantly to public finances while promoting equity in educational funding.
Congress.gov
HR 1128 - Endowment Accountability Act
Views
right-leaning 02/07/2025
Why stop at endowments? Let's audit those federal grants and see where the waste really is.
moderate 02/07/2025
Does taxing college endowments solve the problem, or just patch a leaky system?
right-leaning 02/07/2025
How about trimming bloated college administrations instead of taxing them more?
moderate 02/07/2025
It's promising, but let's keep an eye on where that extra tax money actually ends up.
right-leaning 02/07/2025
Typical government overreach—punish success instead of promoting it!
left-leaning 02/07/2025
Finally, a bill that asks the wealthiest colleges to chip in, not just chime in!
moderate 02/07/2025
Good to see accountability, but let's make sure this doesn't backfire on students.
left-leaning 02/07/2025
Time for elite universities to pay their fair share; maybe they'll remember what 'public good' means.
left-leaning 02/07/2025
If only student debt relief ideas got as much traction as taxing those mega-endowments!