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Jessica Blake
Inside Higher Ed
Excerpt: House Republicans on the Ways and Means Committee released the full version of a long-awaited tax bill Monday that does for higher ed exactly what they suggested it would in a draft version Friday: dramatically increase the excise tax on wealthy colleges’ endowments.
If the legislation passes, the tax rate for each institution would range from 1.4 to 21 percent, depending on the size of its endowment and the number of students it enrolls, according to the 339-page bill. As with the existing endowment tax, the increases would apply only to private institutions.
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For the good of the Nation, university leadership must seize this occasion to drive essential reforms—a process some began by adopting positions of institutional neutrality and improving policies related to campus protests. Before the end of 2026, I call on every postsecondary institution to describe to the American public your commitments to rigorous teaching, pathbreaking research, and national service—commitments that make our universities a bedrock institution of the American republic.
Now the administration is back with Compact 2.0, formally titled "A National Call to Action to University Presidents and Governing Boards." It includes some rhetorical flourishes intended to make it seem less threatening to teaching, learning and research. But make no mistake: It once again asks colleges and universities to align themselves with a far-right agenda at the expense of students’ education and the public’s well-being.
