CoreComm Internet

Features

Make this your home page

As Trump battles elite colleges, House GOP looks to hike endowment tax by at least tenfold

WASHINGTON (AP) — President Donald Trump's feud with America's elite universities is lending momentum to Republicans on Capitol Hill who want to increase a tax on wealthy college endowments by tenfold or more. House Republicans already were considering a hike in the tax on college endowments' earnings from 1. 4% to 14% as part of Trump's tax bill. As the president raises the stakes in his fight with Harvard, Columbia and other Ivy League schools, lawmakers are floating raising the rate as as...

Read More
 

----------
Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

CoreComm is not responsible for content on external sites. Please review the privacy and security policies of each vendor before making online purchases or providing personal information. Forecast Information Provided by AccuWeather.