New GOP bill seeks to hold private universities to same tax standard as corporations: 'On notice'
Fox News
Rep. Troy Nehls of Texas is introducing legislation to raise taxes on private university endowment profits to be in line with the corporate tax rate.
Aubrie Spady is a Writer for Fox News Digital.
However, a new Republican bill would raise that tax to hold elite educational institutions to the same tax standard as corporations, which currently see a 21% corporate tax.
Rep. Troy Nehls, R-Texas, is expected to introduce legislation on Wednesday, the Endowment Tax Fairness Act, to raise the excise tax on annual private university endowment investment returns by nearly 20 percentage points, from 1.4% to 21%.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
The Trump administration is being warned by critics of the United Nations to review the organization's immunity and visa process amid national security concerns.
Amid cost and crime concerns, New York State lawmakers led by Minority Leader Ortt, Sens. Chan, Weber and Martins, launched bills to fix the MTA
The Defense Department's Inspector General Steven Stebbins launched an investigation into Defense Sec. Pete Hegseth's reported use of Signal to discuss Houthi attack plans.
House Democratic Rep. Jared Golden of Maine is expressing support for President Donald Trump's blanket 10% tariffs.
2020 Biden campaign aide Ashley Allison said she felt "lied to" on Wednesday in response to new revelations from former White House chief of staff Ron Klain about the former president.
Apple devices are not as secure as you may think. So far this year, there have been 10 cases of attackers targeting Apple users.
Immigration and Customs Enforcement (ICE) will work a Florida jail to add 500 beds for detainees as removal operations under the Trump administration continue to ramp up.
Former Vice President Kamala Harris was annoyed with President Obama as she sought his endorsement, according to a new book, which also revealed he didn't want her to run.
Rep. Chris Pappas, D-N.H., Thursday declared his candidacy in the 2026 race to succeed retiring Sen. Jeanne Shaheen for a key battleground state seat Republicans are eyeing.
Jon Stewart was called out by Oren Cass on 'The Daily Show' on Monday after he suggested that Germany may revert to Nazism without the military influence of the U.S.
President Donald Trump's administration is reclassifying federal workers at the Department of Energy and the NOAA in order to more easily fire them.
Five Colombian nationals are in ICE custody, facing charges they were part of a sophisticated burglary operation in Aurora, Colorado, that targeted nearly two dozen homes.
A Wisconsin teenager who was the subject of an Amber Alert was found with the man she was suspected to be traveling with two months after her disappearance.