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dalton99a

(88,635 posts)
Fri May 23, 2025, 11:03 AM 6 hrs ago

Republicans Harness Tax Code to Punish Trump's Political Nemeses

https://www.nytimes.com/2025/05/23/us/politics/republicans-taxes-trump-opponents.html

https://archive.ph/AsJQE

Republicans Harness Tax Code to Punish Trump’s Political Nemeses
Immigrants and wealthy universities, as well as foreign companies, would see higher taxes under the House-passed bill.
By Andrew Duehren
May 23, 2025, 5:02 a.m. ET

President Trump already has the weight of the executive branch behind his efforts to strip funding from top universities, deport millions of unauthorized migrants and pressure foreign governments to change their economic policies.

With the sprawling bill that passed through the House on Thursday, Republicans are also preparing to enlist the tax code as another tool against Mr. Trump’s political foils.

The legislation, which could change as it heads to the Senate, would raise taxes on universities like Harvard, as well as on immigrants and on companies based in countries with taxes that the Trump administration deems unfair. Owners of major sports franchises, a group that Mr. Trump repeatedly tried and failed to join, would also see a tax increase.

“If you’re an ideological friend of Trump, you’re in generally good shape,” said William Gale, a co-director of the Tax Policy Center, a think tank. “If you’re an ideological foe, you pay more.”

The increases, he added, “feel very punitive.”

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