Republicans introduced a bill to increase the endowment tax from 1.4% to 21%. If passed, Harvard would go from paying ~$35m to $525m/yr in federal taxes (that’s 8.2% of its current operating expenses)

A smarter way to increase revenue than a Gold Card! https://t.co/5dZ17Huh79

— Ryan James Girdusky (@RyanGirdusky) February 27, 2025