Vote Description

HR 1 Taxing College Endowments (Roll Call 302)

The Senator Jeff Merkley (D-OR, 3.2% ACU LIFE) amendment to the comprehensive tax reform bill reinstated a tax on college endowments for institutions that refuse to accept federal fundsACU believes colleges should be encouraged to refuse federal funds, rather than be penalized for it and opposed this amendmentThe Senate passed the amendment on December 2, 2017 by a vote of 52-48.

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