Defend Higher Education from Attacks in the "One Big Beautiful Bill" Act

The provisions in H.R. 1 to raise taxes on university endowments threaten access to higher education and undermine the vital role these institutions play in advancing knowledge and innovation through research. Nearly half of endowment spending goes toward providing student financial aid that makes college accessible. This tax hike could cost major research universities hundreds of millions annually, slashing funds for enrolling lower-income students and cutting critical academic programs. Stifling education paves the way for authoritarianism by keeping knowledge from the people. I urge you to safeguard access to learning and reject measures that would erode universities' ability to pursue groundbreaking research and provide opportunities for all students, regardless of means.