Economics

How Tax Breaks Help Richest U.S. Colleges Get Richer

How Tax Breaks Help Richest U.S. Colleges Get Richer

Close During his successful quest to win Pennsylvania’s 20 electoral votes, Donald Trump told the state’s voters that colleges are fleecing taxpayers and enriching Wall Street. “What a lot of people don’t know is that universities get massive tax breaks for their massive endowments,” he told a crowd in suburban Philadelphia. “These huge multibillion-dollar endowments are…

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