,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #ddf  ,,in ,,the ,,house ,,of   
,,representatives  ,january #ae1        
#bjbe,mr4 ,nehls 7for himself and ,ms4  
,boebert7 introduced the following bill2
 which was referred to the ,committee on
 ,ways and ,means  ,a ,,bill  ,to amend 
the ,internal ,revenue ,code of #aihf to
 increase the rate of the excise tax on 
investment income of private colleges   
and universities4  #a4 ,short title     
,this ,act may be cited as the          
,endowment ,tax ,fairness ,act4  #b4    
,excise tax based on investment income  
of private colleges and universities    
7a7 ,increase in rate of tax ,section   
#difh7;a7 of the ,internal ,revenue     
,code of #aihf is amended by striking   
#a4d percent and inserting #ba percent4 
7b7 ,effective date ,the amendment made 
by this section shall apply to taxable  
years beginning after the date of the   
enactment of this ,act4  7c7 ,federal   
debt reduction ,the revenue derived from
 the amendment made by this section     

shall be deposited in the general fund  
of the ,treasury and shall be used to   
reduce the national deficit1 to the     
extent thereof1 and thereafter to reduce
 the national debt4