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Republicans plan to tax US college endowments: Who will that hurt?

May 30, 2025

Republicans in the United States Congress are pushing for an increase in taxes on US universities, under a new bill that narrowly passed in the House of Representatives last Thursday. The bill’s supporters argue that a provision relating to higher educational institutions is crafted to target “woke” universities. Universities have taken a hit from US President Donald Trump’s executive orders and decisions aimed at changing education and immigration...

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Amid Israel’s ongoing attacks in Gaza and Iran, US President Donald Trump’s unprecedented decision to bomb three Iranian nuclear sites has deepened fears …