Democrats defeat GOP bid to shield conservative college from endowment tax
Source: Politico
By MICHAEL STRATFORD 12/01/2017 09:35 PM EST Updated 12/02/2017 02:34 AM EST
Four Senate Republicans joined with Democrats to strip from the GOP tax bill a last-minute provision that would have shielded Hillsdale College, a prominent conservative school, from a new tax on university endowments.
An amendment offered by Sen. Pat Toomey (R-Pa.) and incorporated into a package of changes Republicans unveiled Friday evening to their tax plan, H.R. 1 (115) would have exempted all colleges that dont accept federal student aid from the endowment tax. But Democrats immediately cried foul over the plan because it appeared to benefit only a single college, Hillsdale College, whose president, Larry Arnn, is influential in conservative intellectual circles.
Arnn, who was floated last year as a potential pick to be President Donald Trumps Education secretary, has served as a Heritage Foundation trustee since 2002. The school also has close ties to the family of Education Secretary Betsy DeVos.
Republican Sens. Susan Collins of Maine, Deb Fischer of Nebraska, John Kennedy of Louisiana, and Lisa Murkowski of Alaska joined with Democrats early Saturday morning to pass an amendment by Sen. Jeff Merkley (D-Ore.) that stripped the provision from the tax bill.
Read more: https://www.politico.com/story/2017/12/01/senate-tax-bill-hillsdale-college-endowment-275980?lo=ap_a1
Angry Dragon
(36,693 posts)heaven05
(18,124 posts)that I ever volunteered to join an Army and volunteer to fight for it in so-called 'defense of this ungrateful, greedy and evil system that is going to kill millions of us and don't care. Not that I didn't know when I returned to 'the world' in 69 from that small Asian country 'threatening" ameriKKKa, Now I know how stupid and deluded I was. 66 million vile, reprobate voters for the depraved psychopath, our loathsome, malevolent 'leadership in the Senate yesterday and the death sentence it has given millions of us has proven what ameriKKKa has always been, land of truly corrupt rich leadership with their interest(s) their only concern. Fuck trump, all who voted for this 'death panel' bill and 66 million ameriKKKans.
barbtries
(28,795 posts)GOTV. Blue Wave. Beat Back the Republican Menace. Save the Country.
underpants
(182,811 posts)College and university presidents have lobbied heavily over the past several weeks to stop the new tax on university endowments. They argue it will take away money that schools use to help students afford college and invest in their campuses.
blue neen
(12,321 posts)Because the Koch Brothers told him to.
BumRushDaShow
(129,030 posts)split the vote for top-of-the-state ticket races in 2016, voting for a Democrat for State AG & State Treasurer yet put this douche in instead of McGinty & of course instead of Hillary.
blue neen
(12,321 posts)Phooey. He's a big fat liar.
BumRushDaShow
(129,030 posts)and he actually did that much of his first term. But once he got back in, his true vomitous teabagger colors came out and he became a more insidious version of Frothy.
blue neen
(12,321 posts)He deserves our contempt.
turbinetree
(24,703 posts)this so called school
Here check out the "endorsements" from two fine asshole on the program for Constitution 101, you know the online program for "higher learning"
https://www.hillsdale.edu/
http://info.hillsdale.edu/constitution_101_enroll
That's right one "guy" that got busted for drugs and trying to smuggle them into the country, (guess who and he smells limburger) after all you need to know how to circumvent the law and the constitution to smuggle drugs, but keep your radio program spewing shit
And then there is the propagandists and his disdain for Obama using the executive order------------haven't heard one peep since the sexual predator started using them, so I m wonder are you a bigot and racist Levin, and do you think a sexual predator president should resign ?
This is what you said about Obama
Jan 28, 2013 - Conservative author and radio talk show host Mark Levin contends that Obama's executive orders are un-American and even fascistic. ... There's also a grant of executive power in Article II, Section 1, Clause 1 of the U.S. Constitution, as well as a requirement (in Article II, Section 3, Clause 5) that the ...
So Levin is the sexual predator a fascist and un-american