Massachusetts Endowment Tax Debate Heats Up
Read the full article: http://www.money-rx.com/blog/2008/05/ma-college-endowment-ta...
Rep. Paul Kujawski of Webster, MA, sponsored an amendment to the House budget for studying whether university endowments worth over $1 billion in the state should be slapped with a 2.5% tax. This has a created a little storm in academic circles in MA, with every two bit economist and every major media outlet coming out against the proposal.
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