House Republicans propose higher taxes on university endowments to pay for Biden's student loan relief
Fox News
House Republicans are pushing to increase taxes on university endowments so taxpayers are not forced to foot the bill for President Biden's student debt handout.
Haris Alic covers Congress and politics for Fox News Digital. You can contact him at haris.alic@fox.com or follow him on Twitter at @realharisalic.
"America’s elite universities are the silent beneficiaries of President Biden’s misguided student debt bailout," said Joyce, R-Ohio. "These institutions need to be held accountable for their role in our nation’s ballooning student debt.
Joyce is backing the bill with two other GOP colleagues, Reps. Byron Donalds of Florida and Mayra Flores of Texas. The trio argues it is unfair for taxpayers to be saddled with the cost of Biden's program while little is being done to force America's colleges and universities to lower costs for students.
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