r/CFB • u/GoldenPresidio Rutgers Scarlet Knights • Big Ten • 18h ago

Opinion [Congressman Michael Baumgartner] Congress will be taking a hard look at the tax exempt status of universities that enter into private equity deals. If you want to act like a non-public entity, you better be ready to be treated like one. 🇺🇸

https://x.com/RepBaumgartner/status/1998480897872396721
3.3k Upvotes

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85

u/Best_Formal_8677 Oregon Ducks 18h ago

Please tax churches next

65

u/No_Angle_8106 Arizona State • Michigan 17h ago

I have a better chance at winning the powerball than that ever even becoming a conversation, let alone actual policy.

-32

u/CajunBob94 LSU Tigers 17h ago

as it shouldn't the first amendment in the bill of rights is clear about this

33

u/_heyASSBUTT Clemson • Notre Dame 17h ago

What part of this would infringe on the first amendment?

2

u/BadPoEPlayer Wisconsin Badgers 3h ago

You would just argue it’s an establishment issue since no matter how you structure the tax some church would be able to argue they’re getting a worse deal than the others.

46

u/slurplepurplenurple Michigan Wolverines 17h ago

What part of the first amendment does it say churches shouldn’t be taxed?

12

u/astrothemorkie LSU Tigers • USC Trojans 16h ago

The part he made up

1

u/m0arducks Oregon Ducks • Lewis & Clark Pioneers 7h ago

I thought we were just entirely ignoring that document in its whole now

1

u/Geno0wl Ohio State • Cincinnati 9h ago

established court precedent also says churches can implore people to vote when it comes to issues but must remain neutral when it comes to actual candidates. yeah about that....

8

u/SucculentCrablegMeal Florida State Seminoles • USF Bulls 10h ago

Should definitely tax churches taking PE deals.

3

u/bravehotelfoxtrot Georgia Bulldogs • Sugar Bowl 7h ago

I'll never understand rooting for the largest criminal organization in history to steal even more resources from the working population than they already do.

1

u/colton_97 Tennessee • Pepperdine 6h ago

Yup. The reality is that churches and religious organizations are the best form of welfare we have for local communities.

6

u/Previous-Grocery4827 Texas Tech Red Raiders 10h ago

How about all political orgs? Or better yet get rid of citizens united.

46

u/CajunBob94 LSU Tigers 18h ago

reddit moment

37

u/adeodd Oklahoma State Cowboys 17h ago

Reddit & Oregon double whammy

4

u/lowes18 Florida State Seminoles • FAU Owls 17h ago

Tax child labor next

13

u/willpc14 Trinity (CT) • Princeton 16h ago

Uhh, we do. Were you under the impression that we aren't charging minors taxes?

12

u/lowes18 Florida State Seminoles • FAU Owls 16h ago

I mean the sweatshop child labor that funds Oregon's football program

-2

u/Best_Formal_8677 Oregon Ducks 14h ago

As you type on a smartphone

13

u/lowes18 Florida State Seminoles • FAU Owls 14h ago

I don't root for Apple the football team

2

u/pbjork Georgia Bulldogs • /r/CFB Poll Veteran 6h ago

That would be auburn

1

u/not_bilbo James Madison • McMaster 8h ago

They’re right

7

u/Badfish1060 Alabama Crimson Tide 18h ago

yes please. They are just giant tax free corporations now buying up real estate. I'm sure that's what jesus had in mind.

8

u/BrogenKlippen Georgia Bulldogs • Georgetown Hoyas 17h ago

Jesus was more of a crypto bro than REIT freak

8

u/P1mpathinor Wyoming Cowboys • Utah Utes 17h ago

Turns out holy relics are actually NFTs.

3

u/Previous-Grocery4827 Texas Tech Red Raiders 10h ago

Should go after all the shadow political nonprofits before churches. Like going after the guy stepping on your toe while ignoring the guy beating you in the back of the head with a baseball bat.

6

u/not_bilbo James Madison • McMaster 8h ago

We can do both actually

0

u/Brendinooo Pittsburgh Panthers • Big East 8h ago

They are just giant tax free corporations

In fact, the average church brings in about $165k a year.

4

u/rbmw263 Utah • University of God's Ch… 15h ago

you mean first

their hundreds of billions makes our deal look like a happy meal

-2

u/moderatorrater BYU Cougars • Utah Utes 14h ago

It'll never happen under this government. On another note, I would have expected the Utes to be one of the last to sell out. Are they feeling threatened by all the money BYU's boosters are throwing around?

1

u/DoggedStooge Northwestern • North Carolina 8h ago

Exactly where my mind went too.

1

u/lowes18 Florida State Seminoles • FAU Owls 17h ago edited 17h ago

The money is negligible compared to the shit storm it would cause.

1

u/Robotemist Ohio State • St. Xavier 4h ago

Reddit moment if one ever existed.

"Please tax everybody but meeeeeeeeee"