Arizona Republican Rep. Eli Crane is introducing laws to tax the multi-billion greenback endowments of schools and universities.
That is well beyond due. Harvard and plenty of different faculties have endowments which are bigger than the GDP of a lot of the international locations on the planet.
Following the entire stunning shows of anti-Semitism and assist for Hamas on faculty and college campuses in current months, a number of billionaire donors have pulled assist for numerous faculties however that isn’t sufficient.
The way in which to create actual change in our radicalized increased schooling system is to hit them the place it hurts. Proper within the pockets.
Townhall stories:
‘Enough Is Enough’: New Plan Launched to Tax College Endowments
Arizona Republican Congressman Eli Crane has launched laws to tax large endowments held by the nation’s elitist tutorial establishments as their leaders repeatedly fail to supply ethical readability on quite a lot of points.
Taking to Twitter, Crane introduced the submitting in response to the presidents of Penn, Harvard and MIT refusing to totally condemn requires genocide towards Jewish college students on campus. Quite a few lawmakers are onboard.
Within the tweet under, Crane says: “Enough is enough. We’re $33 trillion in debt & the “elite” establishments of this nation are failing the American folks & abusing federal funds. I’ve filed laws to defund any college with an endowment better than $5 billion. Now we have to start out someplace.”
Sufficient is sufficient. We’re $33 trillion in debt & the “elite” establishments of this nation are failing the American folks & abusing federal funds.
I’ve filed laws to defund any college with an endowment better than $5 billion. Now we have to start out someplace. https://t.co/ygh0hY0Giz
— Rep. Eli Crane (@RepEliCrane) December 6, 2023
Chip Roy of Texas is on board.
Co-sponsor. Relatedly, I attempted to supply an modification just a few weeks in the past limiting federal funds to universities which are topic to the endowment tax (that will seize a lot of these tutorial hell-holes)… but it surely was dominated non-Germane… however we’ll repair that subsequent time. https://t.co/ciW1Z7jBPx
— Chip Roy (@chiproytx) December 6, 2023
Senator Rick Scott can also be speaking about this.
Elite faculties are taking BILLIONS from American taxpayers, all whereas propping up antisemitism and pushing radical political agendas.
We should cross my COLLEGE Act and guarantee universities use endowment funds to decrease tuition, not line their coffers to push a political agenda. pic.twitter.com/1k4koYE9Ot
— Rick Scott (@SenRickScott) December 1, 2023
Conservatives don’t normally cheer for brand new taxes however many will make an exception on this case. These faculties have to really feel ache as a way to change. People have had sufficient of those radical left-wing indoctrination facilities.
