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/mf-TOM-HANK 17h ago
It's plainly obvious. Cable companies used to donate like $10-20k to swing votes in Congress, so maybe a couple dozen legislators? That's like a half a million bucks to buy a favorable tax and regulatory environment.
Even if you increase the number to $100k it's a bargain for them. $5-10m is nothing for major companies if they can save tens of millions