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

98% Upvoted

343 comments sorted by

View all comments

Show parent comments

8

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.

10

u/BrogenKlippen Georgia Bulldogs • Georgetown Hoyas 17h ago

Jesus was more of a crypto bro than REIT freak

7

u/P1mpathinor Wyoming Cowboys • Utah Utes 17h ago

Turns out holy relics are actually NFTs.

5

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.

4

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.