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No amount of taxation is too small for a 30-billion-dollar-endowed university to lobby against!

[Yale] has lobbied against the [new] 1.4 percent excise tax on annual endowment returns, which targets 35 universities — including Yale — with assets greater than $500,000 per full-time student. According to a budget update published earlier this month, projected spending from the University’s endowment will grow by 6.3 percent next fiscal year, despite adjustment to the new tax.

Don’t worry, Yalies! We’ll labor night and day to keep the government’s stinking hands off that 1.4 percent!

Margaret Soltan, January 30, 2019 12:19PM
Posted in: the university

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