S. 4907: TRADES Act

S. 4907 is a federal bill in the 119th Congress. Private colleges and universities currently pay an 8 percent tax on their net investment income if they meet certain endowment size thresholds. Under this bill, that tax rate increases to 15 percent. Before this change, the revenue from this tax went into… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.