Harvard Hall, Harvard University (Wikimedia Commons)

Legislation proposed to increase taxes on large university endowments

The College Endowment Accountability Act, according to Sen. J. D. Vance, responds to “a problem, borne of unfairness and of mass subsidy from the American taxpayer, that has now metastasized into one of the most-corrupt and one of the most politically active and politically hostile organizations in the United States of America, and that is elite colleges.”

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