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What does Trump’s second term for Washington, Business and the world mean
American universities have launched a final-minute lobbying operation against Donald Trump’s “large, beautiful bill” before their required approval by the Senate in the coming weeks.
Proposal in presidential signature Fiscal legislation Depending on the size of the fund and the student body, the endowment investment from endowment investment to call taxes from endowment investment and to increase from 1.4 percent to 21 percent.
A group of aristocrats UniversitiesIncluding Harvard and Princeton, they are advocating for it to change 5 percent of their settlement value annually to the need to spend. This will bring them to suit the rules, private foundation will follow to maintain their tax-free position.
Liz Clarke, vice -president of the National Association of College and University Business Officers, said: “Instead of removing funds in one tax, this option will help in supporting student support, education and research. It promotes active use of funds and will reward prudent financial management.”
Universities invest their settlement assets and use some income for fund operations including professors salary, financial assistance, student fellowships and campus activities.
For some, such as Harvard, which has a $ 53BN fund, the investment return is the single biggest source of funding for the school, which represents more than a third of revenue.
Government of government tax hike According to the joint committee on taxation, it will raise $ 6.7bn in a decade. The Trump administration is one of a wide range of measures delayed against top American universities this year, which claims that it is an attempt to combat antisementism and liberal bias. It has reduced the budget, for suspended visa Foreign student And threatened to withdraw his recognition.
Harvard has been under special pressure, and has filed a lawsuit to block certain measures on the government.
In response, IT and other institutions have invested heavily in lobbying against the new tax.
In the first quarter of this year, the spending expenses between the top 100 universities increased to $ 10MN, according to a financial Times analysis of the disclosure filing – an increase of about 31 percent from the same period last year, before Trip, before entering the office.
The Ivian League schools have been one of the largest spending and lobbying around funding, financial assistance and settlement.
The figures are likely to decrease one. Jeff Miller, a top lobist from Miller Strategies, has registered to advocate for Cornell, Johns Hopkins and Northwestern in the first quarter of this year, but has not yet disclosed his fees for those customers.
Harvard reported that he spent $ 340,000 in the joint house and outside lobbying and lobbying in the first quarter, above $ 160,000 in the same period in 2024. The university has hired. Bollard partnersAnother top lobbying firm with the relationship of the White House, to help advocate its interests.
Colombia doubled its lobbying in the first quarter of the year, while Yale spent $ 280,000, which was 56 percent in the previous year.
It is not clear whether the expenses will give fruit.
“There will be a tax,” Louisiana Republican Senator John Kennedy said. “I just don’t know the amount, will it be phased and what will be some terms and conditions.”
Another Republican Senator from Oklahoma, James Lankford said he would like to see a change in the proposal “absolutely”, but he did not say what he should be. “There are about 25 options,” he said.
