H.R. 446: Endowment Tax Fairness Act

H.R. 446 is a federal bill in the 119th Congress. Currently, certain private universities and colleges with large endowments pay a 1.4% excise tax on their net investment income. This bill would increase that tax rate to 21%. This means that for every dollar of investment income these universities earn,… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.