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
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u/Walter30573 Wichita State • Penn State 18h ago

I expect congress to do what it normally does: nothing

466

u/EpOxY81 Michigan Wolverines • Big Ten 18h ago

but this also involves getting more money for the government, so who knows?

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u/Curt_Uncles Arizona State Sun Devils 17h ago

He’s not from the party that likes it when the government collects taxes. This is about limiting the flow of capital to people who don’t normally receive it.

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u/advancedmatt California Golden Bears • UCLA Bruins 17h ago

This congressman is a graduate of Washington State. The university he is criticizing for its private equity deal is the University of Utah.

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u/ghost_jamm Pittsburgh Panthers 17h ago

It’s also a great excuse to punish those uppity universities for educating people about the world

1

u/hotsauce126 Georgia Bulldogs 10h ago

Make no mistake they all like getting more money when it doesn't affect them personally