Senate Bill Would Tax Wealthy Universities to Aid Israel, Ukraine, US Border Security

Sen. Tom Cotton seeks to place a one-time tax on 10 of America’s top schools he said are ‘failing to condemn anti-Semitism.’

(L–R) Claudine Gay, president of Harvard University, Elizabeth Magill, president of University of Pennsylvania, Pamela Nadell, professor of history and Jewish studies at American University, and Sally Kornbluth, president of Massachusetts Institute of Technology, testify before a House committee in Washington on Dec. 5, 2023. Kevin Dietsch/Getty Images

Senator Tom Cotton (R-Ark.) is seeking to levy a one-time, six-percent tax on endowments of ten prestigious universities to fund Israel and Ukraine’s war efforts and boost security at America’s southern border.

The tax, proposed Tuesday as part of the Woke Endowment Security Tax Act, would generate a revenue of about $15.47 billion, according to the senator’s office.