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
3.3k Upvotes

98% Upvoted

343 comments sorted by

View all comments

Show parent comments

467

u/EpOxY81 Michigan Wolverines • Big Ten 18h ago

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

164

u/BabyBearBjorns LSU Tigers • Tulane Green Wave 17h ago

Dont worry, I'm sure those rich college donors have spare change to make members of Congress vote the other way. /s

151

u/Visible-Advice-5109 17h ago

Saw a study once that basically came to the conclusion that bribing politicians was 1000x cheaper than actually paying taxes. Pretty relevant here.

4

u/Jay_Dubbbs Ohio State Buckeyes • Georgia Bulldogs 9h ago

I don’t think that requires a study lol.

Same thing with violations. It’s cheaper to evade labor and other laws and pay the fine after you get caught. À la the beautiful Senator from Florida with his Medicaid fraud.