Analyzing the tax bill
NEW: This is the text of the Republican tax amendment, obtained via a Senate source.https://t.co/8ucaCpDXfI
— Sahil Kapur (@sahilkapur) December 1, 2017
P. 289 has a provision by Pat Toomey to create an exemption from the university endowment tax — the exemption appears to apply only to Hillsdale, a conservative college the DeVos family has generously donated to. https://t.co/8itf3xksua
— Sahil Kapur (@sahilkapur) December 2, 2017
“I believe that Hillsdale would qualify for this, as would any other college that chooses to forego Title IV funding,” Toomey said, adding that he’s not aware how many others have an endowment large enough to qualify.https://t.co/Gc3OCCQeqV
— Sahil Kapur (@sahilkapur) December 2, 2017