Todd Young: “I want to make that clear. Another provision that was, unfortunately, not included in the final bill as a result of the…”

“I want to make that clear. Another provision that was, unfortunately, not included in the final bill as a result of the Byrd rule was an exemption for qualified religious institutions from the excise tax on investment income of certain private colleges and universities, also known as the university endowment tax. The qualified religious institution provision would exempt any institution that, in short, is longstanding and has substantive ties to a religious organization. Religious institutions have served a very important purpose in our country throughout our history and have, by and large, not been offenders of the woke and DEI problems that are rampant at many other major universities with large endowments. As long as my Democratic colleagues are keen on fixing provisions of the One Big Beautiful Bill Act that were the result of this Byrd process, I think it is only fair that we fix this one as well.”