The endowments at Penn, Harvard & MIT have a combined $95B+ in assets – yet only pay a 1.4% tax rate on net investment income.
Then they use these funds to push DEI and woke insanity.
My bill would tax the largest endowments at 35% – it's going to the Senate floor right now. pic.twitter.com/NtSuUtzluL
— J.D. Vance (@JDVance1) December 14, 2023