In its initial tax plan released Monday, the House Ways and Means Committee is suggesting higher taxes on private university endowments, The Hill reported.

The 389-page bill, “the one big, beautiful bill” that would fund President Donald Trump’s domestic legislative agenda, proposes from a 1.4% to 21% increase on endowment taxes, according to the report.

The tiers, according to the tax proposal released by the committee chaired by Rep. Jason Smith, R-Mo.:

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