CONGRESS IS PREPARING TO HIT UNIVERSITIES WHERE IT HURTS
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✍️ The article discusses the potential impact of taxing university endowments, a proposal being considered by congressional Republicans. The tax would likely weaken elite institutions and have unintended consequences.
👉 Taxing university endowments is not a solution to the affordability and exclusivity problems in higher education. 👉 The proposal has been championed by both the left and the right, but for different reasons. 👉 The left sees it as a way to redistribute wealth, while the right sees it as a way to punish universities for being left-leaning. 👉 The proposal is unlikely to achieve its intended goals and could have negative consequences for higher education.
-- #LeeC.Bollinger #TomCotton #J.D.Vance #DaveJoyce #ChristopherRufo #GraemeWood #PhilHackney #Harvard #Columbia #Yale #Stanford #Princeton #Massachusetts #Connecticut #NewYork #Iowa #education
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