Along those lines, buried in this month’s news was a remarkable little nugget. The Harvard Crimson reported the story under the headline, “
Republicans Are Floating Plans To Raise the Endowment Tax.” Big universities sit smugly behind vast, multi-billion-dollar ‘endowments,’ which are only taxed at a paltry 1.4%. They weren’t even taxed at all before Trump’s first term.
But earlier this month, Trump ally Representative Mike V. Lawler (R-N.Y.) introduced a bill to raise the endowment tax to 10%. That number could change as the bill moves through the legislative process. Some Republicans have mentioned tax rates as high as 35% — the same “fair” tax rate everyone else pays.
Lawler’s bill makes for the second such bill introduced in the current session.
This endowment tax proposal isn’t just about revenue—it’s a direct shot at the left’s ideological fortress. For decades, elite universities have functioned as protected political laboratories, insulated by billions in tax-free wealth, all the while pushing radical social policies, churning out activist bureaucrats, harboring failed democrat politicians and disgraced media personalities, and weaponizing DEI dogma against their own students and faculty. Now, their financial immunity faces a real threat.
In a 2023 campaign video, President Trump promised to start a new free online university for Americans— funded by taxing private University endowments. He specifically called out the protests at Harvard. Those protests eventually led to the resignation of Harvard’s super-diverse then-president Claudia Gay, with a little help from Christopher Rufo, who exposed Gay’s serial academic plagiarism.
Don’t overlook the awful threat posed by Trump’s campaign promise. Trump’s tying the tax increase to a free online university is political genius. First, the narrative is golden. Instead of “punishing” Harvard and its peers, the GOP can frame it as redistributing the wealth of elite billionaires from pampered Harvard students to low-income Americans.
Second, a free, fully credentialed online university—funded by an Ivy League endowment tax—would signal a tectonic shift in higher education. It would break the academic cartel’s grip by offering a competitive alternative that isn’t dominated by leftist gatekeepers and Marxist claptrap. Universities would have to start justifying their astronomical tuition prices if students can get a serious education elsewhere.
They could even call it,
Trump University. Just saying.
I think the Republicans are serious about it. The loony, woke chickens are returning to their endowment roosts.
Americans trust Trump more than media; WaPo supports freedom and libs don't like it; jab injury Overton shift; military trans wars flame back up; Trump expands DOGE; MAHA order for hospitals; more.
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