Subject: Well done, House GOP…
…for upping the tax that private colleges pay on their endowments.

Currently, private schools with a certain amount of endowment per student only pay 1.4% in tax on their investment income. In the new budget bill that tax goes up to…21% - which is the corporate rate.

Good! More, please.

I had heard that they were negotiating this number a bit and that it might be 14% now…