Penn, Harvard, MIT Endowments

The endowments at Penn, Harvard & MIT have a combined $95B+ in assets - yet only pay a 1.4% tax rate on net investment income.

Then they use these funds to push DEI and woke insanity.

My bill would tax the largest endowments at 35% - it's going to the Senate floor right now. pic.twitter.com/NtSuUtzluL

— J.D. Vance (@JDVance1) December 14, 2023

These woke institutions push Marxism but don't want to spread their wealth around.

Time to end this war on hard-working Americans. Time for hard-working, tax-paying Americans to take back the country.