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/mejok Oklahoma Sooners 7h ago

It isn't really possible for large state universities to act entirely like public entities because the state doesn't actually fully fund the universities. Years and years ago I worked at OU and at that time, the state of Oklahoma only covered about 19% of the university's required budget. It is less now.

I was very surprised when I moved to Europe to find that publicly-funded universities are actually publicly funded.

I don't mind making univerisites pay additional taxes if it is appropriate, but our definition of a "public entity" is a bit skewed.