EXCLUSIVE: A GOP lawmaker is seeking to significantly raise taxes on endowment profits being banked by private universities to align their levy with the current corporate tax rate. Many private universities have invested funds for operational use that acquire interest each year, known as an endowment. In 2017, the Trump-era Tax Cuts and Jobs Act enacted a 1.4% tax on the interest private universities were receiving from these...

President Biden’s 11th-hour executive action banning new drilling and further oil and natural gas development in coastal waters in the name of protecting the environment could end up causing harm to the environment, according to experts who spoke to Fox News Digital. Earlier this month, Biden announced the ban will affect more than 625 million acres of U.S. coastal and offshore waters while invoking the 1953 Outer Continental Shelf...

Sen. Marsha Blackburn, R-Tenn., has been placing calls and informing people that she is likely to mount a gubernatorial bid, Axios reported, citing D.C. and Tennessee sources. State and federal elected figures have been placing calls in support of Blackburn’s potential run, a source noted, according to the outlet. Fox News Digital emailed Blackburn’s campaign on Wednesday to request a comment from the lawmaker, but did not receive...