Swelling College Endowments Tempt Lawmakers Looking for Tax Dollars - The New York Times
For years, lawmakers in Washington have made swelling university endowments a focus of the populist backlash against high tuition and the concentration of rich students in elite universities.
Now they are harnessing that anger with a proposed tax on private colleges and universities that have the wealthiest endowments.
The House Republican tax plan released on Thursday includes a 1.4 percent tax on the investment income of private colleges and universities with at least 500 students and assets of $100,000 or