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Politics

Sarah Shamim

Trump’s plan to tax US college endowments: Who will that hurt and how much?

Donald Trump Republican United States Harvard University Jason Smith Mike Johnson Ron Johnson Yale Columbia US Congress

The aftermath of a rally against Trump’s attacks on Harvard in April 2025 [File: Joseph Prezioso/AFP]

Republicans in the United States Congress are pushing for an increase in taxes on US universities, under a new bill championed by President Donald Trump that narrowly passed in the House of Representatives last Thursday.

The bill’s supporters argue that a provision relating to higher educational institutions is crafted to target “woke” universities.

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