Harvard Univ. Lobbies Democrats for Tad Break Despite Having $53 Million in the Bank

Despite having more than $53 billion in the bank , left-wing, anti-American Harvard University is lobbying Democrats for huge tax breaks.

And Harvard is not alone. All the ritzy, Ivy League schools want the Democrats to continue giving them tax breaks that they neither need, nor deserve.

Per the New York Post:

Harvard’s president, Lawrence Bacow, personally met with senior Democratic lawmakers, including Senate Majority Leader Chuck Schumer (D-NY), to lobby against the 1.4% excise tax, according to The Intercept.

Bacow urged Democrats to repeal the tax despite the fact that Harvard’s endowment grew to $53.2 billion last year — the highest in the nation — after the school reported a 33% return on investment.

Harvard isn’t alone among Ivy League schools whose student bodies are made up primarily of youngsters from some of the country’s wealthiest families.

Other top-flight schools such as Stanford, the University of Pennsylvania, and Cornell have also hired lobbyists to push Congress to do away with the tax, which they regard as a measure that was imposed by President Donald Trump as an act of political spite.

All these Ivy League schools have billions in the bank. To name just a few, Harvard has $53.2 billion, Stanford has $41.9 billion, Columbia has $14.35 billion, Cornell has $10 billion, Dartmouth has $8.5 billion and Brown has $6.9 billion.

None of these schools need our tax dollars.

Not. One.

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston, or Truth Social @WarnerToddHuston

Tags: Commentary