So the plan is to raise endowment tax from 1.4% to 21%. > raise the excise tax levied on certain private university endowment profits from 1.4% to 21%. [1] [1

So the plan is to raise endowment tax from 1.4% to 21%. > raise the excise tax levied on certain private university endowment profits from 1.4% to 21%. [1] [1] https://nehls.house.gov/media/press-releases/rep-troy-e-nehls-introduces-bill-hold-elite-university-endowments-accountable https://nehls.house.gov/media/press-releases/rep-troy-e-nehl...