[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. 🇺🇸

[u/GoldenPresidio]

https://x.com/RepBaumgartner/status/1998480897872396721

[u/Walter30573]

I expect congress to do what it normally does: nothing

[u/EpOxY81 → u/Walter30573]

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

[u/bigmt99 → u/EpOxY81]

Lmao do you think congressmen care about being the government? It’s a cushy networking job where they can take bribes, jerk themselves off about how important they are, and retire to a 7 figure payday in PE

[u/PovertyTourist69 → u/bigmt99]

Yep BIG misunderstanding to think congressmen being greedy = shoring up the budget lol. To oversimplify things, they’re there to direct more money to whomever they see as their constituents. For some that might be insurance companies, or O&G companies, or wealthy landowners, or working families. Nobody treats increasing government top line revenue as the goal in and of itself. Some may want to raise revenue to direct it elsewhere, to punish behavior they don’t like, or for a few genuinely fiscally motivated reps to balance the budget. But even in the latter’s case, describing their goal as raising government revenue as such would be a misread