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The Independent UK
The Independent UK
Graig Graziosi

Colleges will soon have to fork over millions of dollars as Trump’s bill extends a tax on their endowments

President Donald Trump's "big, beautiful bill" has passed and is causing panic for the heads of America's top universities.

The bill — which was unanimously opposed by Democrats in the House and the Senate — was sold by Trump as a method for providing tax relief and expanding American wealth.

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