“It’s important that we’re deeply sceptical of our own results, because it’s only by testing and testing again that we will be able to reach the point where we’re confident in them,” Madhusudhan said. “That’s how science has to work.”
These percentages apply to universities that had at least 500 tuition-paying students in the previous taxable year and where 50 percent of their full-time tuition paying students are in the US. Universities identified as “qualified religious institutions” are exempt from this tax.The proposal was drafted by Republican legislators in the Ways and Means Committee, the oldest tax-writing body in the House.
“For too long, universities have received beneficial treatment from our tax code while disregarding the interest of taxpayers,” Jason Smith, Missouri Republican and chairman of the House Ways and Means Committee, said shortly after the bill passed.A fact sheet released by Smith says the tax “holds woke, elite universities that operate more like major corporations and other tax-exempt entities accountable”.The bill is now headed to the Senate, where Republicans hold 53 seats and Democrats hold 47. It is unclear when the vote will take place, but Trump is urging Republican senators to promptly pass it.
On May 22, Trump wrote on his Truth Social platform: “Thank you to every Republican who voted YES on this Historic Bill! Now, it’s time for our friends in the United States Senate to get to work, and send this Bill to my desk AS SOON AS POSSIBLE!”How many colleges could be affected by this?
An investigation by The New York Times found that at least 58 schools could potentially be affected by this.
Major universities could fall under the highest tax slab.“We are not interested in a lot of things,” Otieno said. “We just want the body of our son so we can bury him here at home. Just that.”
Following tariffs pause with Beijing, Trump has nevertheless cracked down on Chinese students and access to advanced computer chips.US Secretary of State Marco Rubio’s salvo against Chinese students, promising to
“aggressively revoke” their visas, is the latest move in heightening tensions between the world’s two largest economies.