House Ways and Means Chair Jason Smith (R-Mo.) floated a tax hike on university endowments during a Saturday all-member meeting among House Republicans, sources familiar with his comments said.
Smith discussed the idea during a tax-focused breakout session on moving quickly on a reconciliation bill in the new Congress, said the sources who were granted anonymity to discuss private conversations.
The party has been working for months on how to extend and offset costs on expiring parts of the 2017 tax law while jumpstarting President-elect Donald Trump’s agenda.
Extending these parts of the law known as the ...
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