The signing into law of the Capital Market Efficiency Promotion Act (CMEPA) with the 20 percent interest income tax rate has ...

This budget reconciliation bill seeks to implement a tiered tax structure on private foundations, with rates ranging from 1.39% to 10% based on asset value.

Fairness demands it: Tax breaks assume public good, yet elite schools, with 5% acceptance rates, serve a narrow elite, not broad access. Accountability follows — endowments grow faster (7%) than ...