A new tax on university endowments, signed into law by President Trump, will significantly increase financial burdens on the wealthiest U.S. colleges, including Harvard and Yale, by imposing rates up to 8% based on asset size per student. This could lead to staff layoffs, hiring freezes, and reduced financial aid for lower-income students as institutions adjust to increased tax liabilities amidst declining federal funding.
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Beto O’Rourke blocked from financially supporting Texas Democrats who fled state in redistricting standoff
A Texas district judge temporarily barred Beto O'Rourke and his political group from funding Democratic legislators who left the state to obstruct a Republican redistricting plan, a ruling celebrated by Attorney General Ken Paxton, who accused O'Rourke of a bribery scheme. O'Rourke, vowing to fight back, claimed Paxton aims to silence efforts for voting rights as Democrats face legal and financial challenges for their quorum break. Want More Context? 🔎
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