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House GOP Proposes Endowment Tax Hike on Elite Universities

The GOP tax bill aims to significantly raise taxes on university endowments, especially targeting Harvard, while codifying core Trump policies.


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House Republicans proposed a significant increase in taxes on elite university endowments, particularly targeting Harvard University with a planned rise to 21%. This measure, part of President Trump’s larger tax agenda, aims to generate revenue and address perceived ideological issues within these institutions. The tax structure includes tiered rates based on endowment per student ratios, with projections suggesting hundreds of millions in annual tax revenues. The proposal reflects Republican sentiments against elite universities, which have faced scrutiny over their policies, particularly regarding antisemitism and student ideologies. Markup sessions for the bill are set to begin soon.

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House GOP Urges Higher Taxes on University Endowments
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