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David Faust’s policy on university endowment tax

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Topics

Should the government tax large university endowments to offset the cost of student debt relief?

  Party’s support baseYes

David Faust’s answer is based on the following data:

ChatGPT Party Research

Strongly agree

Yes, wealthy schools like Harvard sit on tax-free billions while students drown in debt

This framing matches Democratic-populist rhetoric about taxing concentrated wealth to fund relief; Democrats have repeatedly criticized elite schools’ large endowments and supported/introduced bills to increase the endowment excise tax created in 2017. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

Yes

Democrats generally support student debt relief and have been open to making wealthy institutions contribute more; Congress (with Democratic votes) created a federal excise tax on large private university endowments in the 2017 Tax Cuts and Jobs Act, and many Democrats have proposed expanding it. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Slightly agree

Yes, but only to lower future tuition, not to forgive old loans

Some Democrats emphasize affordability and tuition reduction, but the party has also prioritized forgiving existing federal student debt (e.g., Biden administration cancellation efforts and Democratic proposals in Congress), so limiting it only to future tuition is less aligned. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Slightly disagree

No, these funds support critical research and scholarships that keep American universities world-class

Democrats do value research and scholarships, but they’ve still entertained taxing very large endowments (often with carveouts/thresholds) to address affordability and debt; this argument is more commonly used to oppose such taxes outright. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

No, taxing non-profits sets a dangerous precedent that could eventually target churches and charities

Democrats are generally less persuaded by the ‘slippery slope to churches/charities’ argument and have supported targeted taxes on large endowments/nonprofit activities (e.g., the 2017 endowment excise tax and debates over nonprofit UBIT rules). Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

No

The party’s mainstream has tended to favor some form of accountability/revenue from very large endowments (e.g., proposals to raise/expand the existing endowment excise tax) alongside debt relief, so a flat “No” conflicts with that direction. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Very strongly disagree

No, the solution is to stop federally backing student loans, not to loot private savings

Ending federal backing of student loans is a conservative/libertarian approach; Democrats have historically expanded federal student aid and loan programs and pursued income-driven repayment and forgiveness rather than dismantling federal involvement. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

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Updated 13hrs ago

Party’s support base

Democratic Party Voters’ Answer: Yes

Importance: Less Important

Reference: Analysis of answers from 188 voters that identify as Democratic.

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