Ivy League colleges, elite universities and other higher education groups hiked spending on lobbying last year, as Republicans push to expand the taxes levied on their multibillion-dollar endowments.
Universities and others spent at least $8 million in 2024 lobbying Congress and administration officials on endowment tax and other issues, according to federal disclosures. Spending associated with filings that mentioned endowment-related issues, along with other topics, doubled from 2023, according to a Bloomberg Tax analysis.
The 2017 GOP tax law established a 1.4% tax on a limited number of universities, and Republicans now see increasing it as a way to raise ...
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