
As Trump battles elite colleges, House GOP looks to hike endowment tax by tenfold or more
By COLLIN BINKLEY and LISA MASCARO Associated Press WASHINGTON (AP) — President Donald Trump’s feud with America’s elite universities is lending momentum to Republicans on Capitol Hill who want to increase a tax on wealthy college endowments by tenfold or more. House Republicans already were considering a hike in the tax on college endowments’ earnings
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