Off the Pedestal

Inside Higher Ed
By Rick Seltzer
November 6, 2017

Colleges and higher ed lobbyists are refining their attacks against House Republicans' proposed tax overhaul, taking aim at provisions that would significantly affect institutional operations as the tax plan goes under the microscope.

Several proposals to raise taxes on wealthy colleges and universities came under fire, including a 1.4 percent excise tax on private university endowments valued at $100,000 or more per full-time student and a 20 percent excise tax on employee compensation above $1 million at all nonprofit entities.  So did another proposal that would raise the cost of construction for private colleges, rich and poor, by eliminating tax-exempt private-activity bonds.

Read the full article at the Inside Higher Ed website here.