University Presidents Say Tax Reform Policy Will Hurt Texas Higher Education

Today, U.S. government leaders have enormous decisions to make about tax reform. Their choices will affect the future of our students and our universities. If the proposed policies are put in place, the ability of Texas students, both now and in the future, to earn life-changing degrees will be compromised. We are the presidents of two universities in Texas — one public, one private. And many students from both The University of Texas at Austin and Trinity University rely upon financial aid that is drawn from endowments. Both the House and Senate bills that are now being resolved by a conference committee propose a 1.4 percent excise tax on certain private nonprofit university endowments. This puts the college educations of many current and prospective students…View Original Post

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[source: https://www.texasmonthly.com/burka-blog/university-presidents-say-tax-reform-policy-will-hurt-texas-higher-education/]