As I said, these endowments don't sit still. They're invested. They can often throw off big returns. And I think what The President has suggested perhaps taxing these endowments at the top corporate tax rate of 21%. Right now it's 1.4% on certain universities, you know, that have a certain population. And you are taxing the Delta of over $500,000 per pupil. (05:42–05:56)
CLAIM
Asserts that President Trump suggested taxing university endowments at a 21% corporate tax rate.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
