One of the greatest moments in college football history. I think Sam Snideman has a screenshot. It was glorious.

And it probably would’ve eventually been challenged in court on first amendment grounds.

Grassley, not Ernst. ;)

And I know *you* know how all this works, but there are many who are going to chalk this win up to Michael Roth.

Yes - shifting the count to all students AND making them tuition-paying students gives schools wiggle room. Schools can shift from partial aid to full aid to game the tax. Bad for middle class, not for colleges.

Some schools doing this already: lawprofessors.typepad.com/nonprofit/20...

Also fair to say that schools in red and purple states helped make this happen. Boston’s economy is just fine without BU, hard to make the case that Grinnell, IA, Davidson, NC, and McPherson, KS would be fine without their namesake colleges being financial healthy.

Let’s just say that Berea is a good institutional citizen and had no problem lending a hand to the schools you’ve mentioned and others.

And some schools that aren’t Ivy Plus but really want to be angered both legislators AND fellow schools.

If you guys want all the lobbying stories… I have them.

The Ivies weren’t the ones who made the biggest differences. It was the small colleges coalition, Berea, and Hillsdale.

When you visit, let me know! We’re about to announce some big things that I think might be of interest to a budding political scientist / historian!

There is still time for a course correction for your son to come to Davidson! No cuts here (so far).

Life here is pretty great!

This is the face of a man thinking “WTF is this nonsense?!”

One of my favorite places when we lived there. Fantastic stuff.

I understand the choice of Juve for a White House visit:

- Iconic team with storied history.
- The only one playing in DC with American players.
- The other teams playing in DC are mostly from the Middle East, which would've presented a messaging challenge.

But still, what an odd conversation.

And… ordered.

When does book club begin?

The current proposal in the Big Beautiful Bill misses its elite, lefty targets and hits students instead. Lawmakers should not tax financial aid; instead, Congress should build incentives that put students first.

#HigherEd #EndowmentTax #FinancialAid

www.kansascity.com/opinion/read...

6/END

We shouldn't tax endowments; but if we're going to, let's at least do it right.

Want to make college more affordable? Incentive spending on scholarships.

Tax endowments but offer dollar-for-dollar tax credits for institutional financial aid. Reward schools for making education affordable.

5/6

My research with CJ Ryan (Indiana), Rylie Martin (Duke), and Ann Bernhardt (Texas A&M) shows some schools have already cut aid or raised tuition due to an existing tax. A 10x increase will only make things worse.

📄 Full paper: journals.upress.ufl.edu/ftr/article/...

4/6

Endowments aren’t vaults of unused cash. They generate earnings that fund financial aid. When you tax endowment income, you cut the money available to low- and middle-income students. It’s not a tax on institutions—it’s a tax on students.

3/6

Sure, elite universities with "woke" reputations like Harvard and Penn would pay more in taxes. But so would Berry College in Georgia and McPherson College in Kansas —small schools using endowments to fund scholarships and student jobs. This tax hits the little guy, not just the Ivy League.

2/6