GOP bill targets endowments in response to sky-high tuition, as Harris touts loan bailout on campaign trail

FIRST ON FOX – As the school year approaches, and education costs figure to be a major issue in the presidential election, Rep. David Joyce, R-Ohio, is pushing a bill with an alternative approach to cutting education costs – targeting bloated university endowments.

Joyce's bill, which he is introducing this week with Rep. Nicole Malliotakis, R-N.Y., would more than quintuple the tax on private universities' endowment profits, from 1.4% to 10%, and it would lower the threshold for the tax...