Wealthy universities fear GOP will end their tax breaks

America’s wealthiest universities appear intent on protecting tax breaks for their endowments in response to mounting conservative criticism of the multi-billion-dollar loophole. At the beginning of 2015, just two universities with endowments valued at $1 billion or more (“wealthy” universities) reported lobbying Congress on the tax treatment of their endowments, but by the first quarter of 2017, that number had risen to 18 amidst escalating criticism of the hefty exemptions. -- More....