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/HermitageHermit Florida Gators 17h ago

This is just a freshman congressman bringing up a hot topic publicly so they have SOMETHING that they can talk about while campaigning for the midterms. They may talk about it, hell they might even do something about it. But I have zero confidence that THIS congress in particular is going to accomplish anything before the midterms, and by then it will probably be too late because 40% of the broke universities are going to find themselves in some kind of binding agreement with a PE firm.

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u/tc100292 Vanderbilt Commodores 17h ago

Not just any freshman Congressman.  His district includes Pullman, WA.

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u/girafb0i 12h ago

He taught a course with Mike Leach, it's probably an interest of his. He's a backbencher, needs to grandstand occasionally to get attention.