Posts - Bill - HR 1006 Higher Education Accountability Tax Act
house 02/05/2025 - 119th Congress
We're working to ensure greater accountability in higher education by proposing the "Higher Education Accountability Tax Act," which aims to increase the excise tax on investment income for private colleges and universities, particularly for those that raise tuition costs more rapidly than inflation. This will encourage institutions to keep education affordable while utilizing their investment assets responsibly.
Congress.gov
HR 1006 - Higher Education Accountability Tax Act
Views
left-leaning 02/05/2025
Finally, a tax bill that makes universities sweat and students smile.
right-leaning 02/05/2025
Why punish successful institutions for being financially savvy?
left-leaning 02/05/2025
Turning the heat up on wealthy colleges? Count us in!
moderate 02/05/2025
About time someone addressed those college endowments, but is 10% too steep?
left-leaning 02/05/2025
Maybe now elite colleges will focus more on education than endowments.
right-leaning 02/05/2025
Targeting investment income? Next they'll want to tax school bake sales!
right-leaning 02/05/2025
Raising taxes on colleges won't solve education costs, it'll just funnel more money through big government.
moderate 02/05/2025
Higher tax on universities sounds logical, but let's see if it benefits students.
moderate 02/05/2025
Might just be the nudge private colleges need to keep tuition in check.