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Sen. Cotton’s Bill Would Tax Billion-Dollar Universities to Fund Programs for Working Americans

Senator Tom Cotton has introduced a great bill that would tax the billion-dollar endowments of anti-American universities.

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Arkansas Republican Senator Tom Cotton has introduced a great bill that would tax the billion-dollar endowments of anti-American universities such as Princeton to help fund programs for working class Americans.

Cotton’s Bill to would tax private university mega-endowments and support workforce training programs.

Many of these left-wing universities have hundreds of millions in “endowments” sitting in the bank even as they cry poor and keep raising their tuition prices. But Cotton wants to put a one percent tax on these deep oceans of cash that sits free of charge in the bank accounts of these anti-American schools.

Trending: McAfee Dead in Prison After Repeatedly Declaring He Would Not Kill Himself

On May 11, Cotton tweeted, “Our wealthiest universities have amassed billions of dollars, virtually tax-free, all while indoctrinating our youth with un-American ideas. My bill will tax mega-endowments to support training programs to create high paying, working-class jobs.”

Cotton added that his bill would require “these institutions to draw down five percent of the value of their endowments each year.”

“Our wealthiest colleges and universities have amassed billions of dollars, virtually tax-free, all while indoctrinating our youth with un-American ideas. This bill will impose a tax on university mega-endowments and support vocational and apprenticeship training programs in order to create high paying, working-class jobs,” Sen. Cotton added.

According to his press release, Cotton’s bill would:

  • Levy a one-percent tax on the fair market value of endowments held by the richest private colleges. The tax would apply to private colleges that 1) have more than 500 full-time enrolled students, 2) have endowments worth more than $2.5 billion and $500,000 per full-time enrolled student, 3) do not have a religious mission.
  • Generate an estimated $2 billion in revenue per year, which would be redirected to support vocational and apprenticeship training programs.
  • Require the richest private colleges to distribute at least five percent of their endowment to support their educational mission per year, or else face a penalty. This requirement mirrors the tax treatment of private foundations.

This would be so good!

Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston.

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McAfee Dead in Prison After Repeatedly Declaring He Would Not Kill Himself

Social media users were quick to remind the world of McAfee’s own words.

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John McAfee is a computing legend, having pioneered the way in which systems and networks protect themselves from viruses, malware, spyware, and all the other assorted evils of this internet age. But now he lies dead, having allegedly committed suicide in a Spanish prison cell. Antivirus software tycoon John McAfee died by an apparent suicide in a Spanish jail cell Wednesday evening — hours after reports surfaced that he would be extradited to face federal charges in the US, according to local media. The eccentric tech entrepreneur was arrested in October and was awaiting extradition when he was found dead, police sources told the newspaper El Pais. The newspaper reported McAfee was pulled from his cell in Barcelona and police are investigating the circumstances around his death. Authorities aren’t shying away from calling it a suicide already. “Everything points to suicide,” the newspaper reported, citing justice department officials in the country. A second Spanish newspaper, El Mundo, also reported McAfee had died by an apparent suicide in the jail. But here is where it gets strange:  McAfee has been utterly insistent and consistent about the fact that he would never, ever take his own life, explicitly telling his followers on social media that, should he ever be found dead of suicide, he was killed. https://twitter.com/officialmcafee/status/1316801215083225096?s=20 https://twitter.com/officialmcafee/status/1200864283766251521?s=20 https://twitter.com/truthcrumbs/status/1407788935628079113?s=20 The investigation is ongoing at this time.

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Lab Finds Zero Fish DNA After Testing Subway’s Tuna Sandwich

You can “eat fresh” at Subway, but can you eat fish?

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For years we’ve told ourselves that there has to be a better way to do fast food.  Or, at the very least, a healthier way. And so new chains are constantly popping up, while the old staples adapt.  There are salads for sale as places like McDonald’s these days, which is something that kids who grew up in the 80’s might have had a hard time believing would ever occur. In the realm of healthy fast food, there is but one king:  The unbreakable Subway.  Not only did the brand survive having a pedophile as their spokesperson, but they currently operate more physical restaurants in the world than even the aforementioned burger purveyor. But an alarming new study has some wondering if, while they were “eating fresh” with a tuna sub, they were even eating fish. The New York Times published a report Sunday, which revealed that lab tests didn’t find “amplifiable tuna DNA” in Subway’s infamous tuna sandwich. NYT submitted “60 inches worth of Subway tuna sandwiches” from three separate Los Angeles locations for lab analysis in wake of the lawsuit filed earlier this year alleging the sandwich chain was serving customers “a mixture of various concoctions that do not constitute tuna.” The suit claims that independent lab tests showed the company meant to “imitate” tuna’s appearance by blending together these unknown ingredients. The study, commissioned by NYT, failed to not only identify tuna DNA, but the lab couldn’t even determine the origins of the fish in the provided sandwiches. “No amplifiable tuna DNA was present in the sample and so we obtained no amplification products from the DNA. Therefore, we cannot identify the species,” the results read. But it’s not all bad news: “There’s two conclusions. One, it’s so heavily processed that whatever we could pull out, we couldn’t make an…

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