‘Every vote is needed’

Earnings from investments made from endowments will be taxed, if the bill becomes law.Have universities been taxed so far?

Most colleges have not been taxed on their endowments for centuries.The Revenue Act of 1909 exempted educational institutions as nonprofits which operate for public interest “exclusively for religious, charitable, or educational purposes”. As a result, educational institutions did not pay taxes on their investment gains.This changed during Trump’s first presidential term. In 2017, the US Congress passed the Tax Cuts and Jobs Act, which introduced a 1.4 percent tax on colleges with per-student endowments of at least $500,000, and at least 500 students who paid tuition. Hence, the tax applies only to some of the wealthiest institutions in the country.

This endowment tax generated approximately $380m in 2023, from 56 universities that met the taxation bar.What do Republicans want to do now?

On May 22, the Republican-controlled House of Representatives passed, with a 215-214 vote, what Trump and the legislation’s authors have called the

One Big Beautiful BillDuring Israel’s initial attacks on the Jenin refugee camp on January 21, multiple hospitals were surrounded by the Israeli military, including Jenin Government Hospital, al-Amal Hospital and al-Razi Hospital, researchers noted.

The following day, civilians and hospital staff reported that the main road leading to Jenin Government Hospital was destroyed by Israeli military bulldozers and access to the hospital was blocked by newly constructed berms, or land barriers,On February 4, reports from Jenin said the Israeli military was obstructing ambulances carrying injured people from reaching the hospital.

Also carrying unmistakable echoes of Gaza was anUNRWA report in early February