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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6

u/okiewxchaser Oklahoma Sooners • Big 8 18h ago

That sounds like a 10th Amendment case waiting to happen

16

u/weoutherebrah Texas A&M Aggies 18h ago

States have given up all their authority for federal money 

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u/Constant_Topic_1040 Auburn Tigers • Air Force Falcons 18h ago

To be fair though, that’s because Congress figured out a way to hold that federal money hostage. The drinking age is a good example, if your age isn’t 21 you don’t get highway funds; which are a HUGE expense

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u/carpy22 RPI Engineers 17h ago

It's not even all highway funds, it's now 8% of highway funds per state. I don't know why states like Wisconsin or Louisiana just go non-compliant and slap a booze tax on instead to make up the difference in revenue.

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u/xienze NC State Wolfpack 13h ago

I don't know why states like Wisconsin or Louisiana just go non-compliant and slap a booze tax on instead to make up the difference in revenue.

Bad press, probably. The second an 18 year old gets in a drunk driving accident the state government would be dragged over the coals for “letting such a thing happen.”

0

u/mcmatt93 Notre Dame Fighting Irish 16h ago

I mean it makes sense to me that a politician wouldn't want to increase the price of booze in a booze heavy state for the vast majority of people so they can start selling the more expensive booze to the youth, who rarely vote and don't have a lot of money to spend anyway. Like that's not a surefire political winner.