Daily Tax Report ®

Senate Democrat Targets College Donors After Admissions Scandal

March 13, 2019, 10:14 PM

A top Senate Democrat is looking to end tax breaks for college donations that parents may be making to universities in an attempt to get their children admitted.

Ron Wyden (D-Ore), ranking minority member of the Senate Finance Committee, said March 13 he plans to introduce a bill that would prohibit donors to colleges to take a tax deduction for those charitable contributions before or during the time a family member is enrolled.

Wyden’s announcement follows the indictments of dozens of wealthy parents, college coaches, and a college admission counselor in a sweeping criminal conspiracy to gain admission to elite...

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