Nov 1, 2018
Should Massachusetts tax its wealthiest higher ed institutions to subsidize the cost for public college students?
Universities with big endowments must start paying a new tax that passed as part of the GOP’s tax overhaul.
For the first time this year, colleges with large endowments are going to have to start paying a new tax that passed as part of the GOP’s tax plan. Now, in Massachusetts the Democratic candidate for governor has proposed a new state tax on private college endowments. The goal? Make public college tuition less expensive. His proposal comes as big college endowments nationwide are coming under increased scrutiny.