S. 936, also known as the "Woke Endowment Security Tax Act of 2025" or the "WEST Act of 2025," proposes an amendment to the Internal Revenue Code of 1986. It aims to implement a 6 percent excise tax on large endowments held by certain private colleges and universities....
Simple Explanation
This bill wants to make big and rich private colleges pay extra money each year if they have a lot of money saved up, like a big money jar; but it won't do this for religious schools, and some people think that's not fair.