New House Bill Would Tax University Endowments 

Legislation motivated in part by recent antisemitism. 

Some members of the House and Senate have expressed concerns surrounding the massive endowments colleges and universities receive from private donors while also receiving federal funds. 

Representative Eli Crane of Arizona introduced legislation to tax those endowments. He stated, “We’re $33 trillion in debt & the ‘elite‘ institutions of this country are failing the American people & abusing federal funds. I have filed legislation to defund any university with an endowment greater than $5 billion. We have to start somewhere.” 

Representative Chip Roy of Texas concurred, as did Representative Mike Waltz of Florida who suggested, “How do you fund Israeli aid? Tax the billion dollar endowments of Ivy League universities tolerating antisemitism.” 

Senator Rick Scott of Florida stated, “Elite colleges are taking billions from American taxpayers, all while propping up antisemitism and pushing radical political agendas. We must pass my COLLEGE Act and ensure universities use endowment funds to lower tuition, not line their coffers to push a political agenda.” 

As the Lord Leads, Pray with Us…

  • For members of the House and Senate as they evaluate the national debt and seek ways to provide aid to Israel.
  • For federal legislators as they address antisemitic concerns in higher education.
  • For wisdom for senators and representatives as they consider the legislation to tax university endowments.

Sources: Gateway Pundit, Townhall

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