Senator Vance: My bill would tax the largest endowments at 35% - it's going to the Senate floor right now.

That's a big wealth tax. It would be simpler just to get rid of the tax exemption...

The endowments at Penn, Harvard & MIT have a combined $95B+ in assets - yet only pay a 1.4% tax rate on net investment income.

Then they use these funds to push DEI and woke insanity.

My bill would tax the largest endowments at 35% - it's going to the Senate floor right now. pic.twitter.com/NtSuUtzluL

— J.D. Vance (@JDVance1) December 14, 2023