If the Trump tax bill is enacted, Stanford University could see an estimated annual tax increase of $231 million, drastically affecting its financial resources. This tax, moving from 1.4% to 21% on endowment gains, would hit the university's $37.6 billion fund, which finances essential services like financial aid and employee salaries. University officials have expressed deep concerns that such a tax would undermine the university's capabilities in providing scholarships and advancing research, ultimately harming its status and influence in American higher education.
Stanford would face a tax increase from $17 million to $248 million annually under the proposed tax bill, threatening financial aid and employee support.
The proposed tax on endowment gains could significantly weaken American universities, reducing funding for scholarships, research programs, and faculty support, as outlined by university officials.
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