In a sweeping plan to rework the tax code unveiled on Thursday, Republicans in the House of Representatives floated a new strategy for raising revenue: Tax college endowments.
Some college endowments, that is.
Deep within the plan — look here, on Page 75 — is the language that spells out which institutions would be affected. The bottom line: Only the most-affluent colleges need worry. Colleges would be subject to the tax, set at 1.4 percent of net investment income, only if their endowment assets total at least $100,000 per student.