Congress fumbles new tax on Nick Saban's paycheck
6 days ago - By Politico
A mistake in Republicans' tax overhaul is allowing many state universities to escape a crackdown on highly paid executives. Lawmakers inadvertently exempted public universities - though not private ones - from a new 21 percent tax they created on nonprofits that pay their employees more than $1 million. There are hundreds of million-dollar employees on college campuses, many of them football and basketball coaches. Nick Saban, the University of Alabama football coach who earlier this week lost his bid for a sixth national championship, earned $8.3 million in 2018, according to USA Today...
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