[old spanish trail]

The OBBBA version being debated in the Senate now would impose an 8% tax on Stanford’s endowment income, up from the current 1.4%, but substantially less than the 21% in the House version.  Depending on the year, it could cost Stanford $100M a year more than currently and possibly $200 million or more.  It would make endowment contributions substantially less attractive than contributions to current operations, which facing a large deficit for the foreseeable future.

8%, sheesh, but 21%??? These guys (and gals) are seriously anti higher education. I've pooh poohed that charge, but I was wrong.

[old spanish trail]

The OBBBA version being debated in the Senate now would impose an 8% tax on Stanford’s endowment income, up from the current 1.4%, but substantially less than the 21% in the House version.  Depending on the year, it could cost Stanford $100M a year more than currently and possibly $200 million or more.  It would make endowment contributions substantially less attractive than contributions to current operations, which facing a large deficit for the foreseeable future.

8%, sheesh, but 21%??? These guys (and gals) are seriously anti higher education. I've pooh poohed that charge, but I was wrong.