Republicans are looking for ways to “pay” tax cuts. Democrats want to pay more taxes to the rich. This is the solution to make everyone happy.

Jason Smith, chairman of the House Ways and Means Committee, proposes taxes to a $840 billion university Donation. These donations will soon cover the size of $1 trillion. This is more money than the total GDP of many countries.

It’s time for the bloated and qualifies to pay a “fair share” for the government services used by universities.

Why is it not good? Their professors will forever speak to us about tax “fairness”, but the schools where they teach a few hours a week for their unfair pay are mostly the very embodiment of white “privilege.” They are the richest institutions in the world to be blamed.

As this generation of billionaires (Bezos, Gates, Zuckerberg, etc.) pass trillions of dollars, the cost of this leak to this tax base grows exponentially. Many of them go into university safes. These are capital gains that were not taxes and never would.

Why is this the problem?

The only good tax system has a wide range of bases. So everyone pays, but at slow speeds, tax systems don’t discourage jobs, savings, and investments. This means loopholes and carvings that allow the rich to exist out of reach of tax men.

What makes university contribution fraud even worse is that the dollar dominance doesn’t go to small universities or community colleges, but rather Harvard, Yares, Stanford and Princeton are already layered with money and serve the social elite.

It makes no sense for billionaires and billionaires to make 7, 8, 8, or even 9 figure donations to their alma mater, and these funds will escape the taxes we all pay.

It’s even worse than that. Universities pay little income tax. Generally, avoid paying property taxes, even when it comes to an internal city where a huge area of ​​valuable land is struggling.

The university openly boasts of their donor base: contributing to us, you can avoid paying real estate and capital gains taxes to your billions. Why aren’t liberals mad at this tax escape hatch?

I have no issues with deductions for legal charities such as soup kitchens, homeless shelters, orphanages. But do Northwestern and Stanford need tax cuts? Have you ever been to a flashy campus?

At least 10 billion dollar schools are expanding Donation He scores over $1 billion. These schools should be called.

What public purposes have advanced through these wealth storage?

Harvard is nearly $50 billion Donation The school will be able to charge free tuition to all students from now until the Kingdom arrives, but the money is still not running out. However, Harvard still charges $100,000 a year for tuition fees, rooms and boards.

But this is the real sin of this worthless tax loophole. Even with these huge donations, university tuition fees are rising at 2-3 times the rate of inflation. The argument that tax-free donations make universities more affordable is patently proven false. The larger the donation, the more the school will charge students, their parents, and the taxpayer.

One of the best ways to support internal cities is to require all universities (and hospitals) to pay property taxes. This broadens the tax base in poor cities where nonprofits have seized the most valuable properties. Instead of chasing people with taxes that have overtaken people from cities like Boston, Chicago, Philadelphia and New York, ringing a big U in the streets allows cities to cut taxes for everyone else.

Incidentally, universities and hospitals use urban services even more than homeowners, moms and pop businesses. Why shouldn’t they pay for these services?

“One of the most regressive policies in tax law is a billion-dollar university grants, which only gives rich and rich people,” said Richard Vedder, a well-known economist at Ohio University.

In the famous scene in the film Animal House, Dean Warmer speaks to one of the students facing exile.

Ironically, it can explain more than 100 overly decorated universities today, like the investors that classrooms and students roam around. The university must pay fair shares and earnings must be used to help Trump pay tax cuts. That sounds fair to me.

Stephen Moore is a Senior Fellow of the Heritage Foundation and co-founder of Unleash Prosperity.

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