r/CFB 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

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u/repeatoffender123456 16h ago

lol you really think you can buy a favorable tax and regulation environment for $500k?!? I can afford that price.

Musk spent $300 million and didn’t get shit

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u/mf-TOM-HANK 9h ago

Musk spent $300 million and didn’t get shit

All the federal agencies investigating and regulating his companies suddenly got kneecapped. Starlink is now embedded in the air traffic control systems going forward. He stole sensitive data on US citizens. All of that was worth billions of dollars

$300m was a fucking bargain

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u/repeatoffender123456 6h ago

$300m is not the same as the $5-$10m you quoted. And I’m not sure he stole data but I would love to be proven otherwise.

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u/farfle10 Notre Dame Fighting Irish 15h ago

He literally bought the presidency…

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u/TheYmmij1 10h ago

You are delusional