Arizona Republican Rep. Eli Crane is introducing laws to tax the multi-billion greenback endowments of faculties and universities.
That is well beyond due. Harvard and lots of different faculties have endowments which might be bigger than the GDP of many of the international locations on the planet.
Following the entire stunning shows of anti-Semitism and assist for Hamas on school and college campuses in latest months, a number of billionaire donors have pulled assist for varied faculties however that isn’t sufficient.
The best way to create actual change in our radicalized increased training system is to hit them the place it hurts. Proper within the pockets.
‘Sufficient Is Sufficient’: New Plan Launched to Tax College Endowments
Arizona Republican Congressman Eli Crane has launched laws to tax huge 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 completely condemn requires genocide in opposition to Jewish college students on campus. A variety of lawmakers are onboard.
Within the tweet under, Crane says: “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 higher than $5 billion. We have now to begin 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 higher than $5 billion. We have now to begin 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 a couple of weeks in the past proscribing federal funds to universities which might be topic to the endowment tax (that might seize a lot of these tutorial hell-holes)… nevertheless it 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 be speaking about this.
Elite schools 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 spanking new taxes however many will make an exception on this case. These faculties must really feel ache as a way to change. Individuals have had sufficient of those radical left-wing indoctrination facilities.