The presidents of two Texas universities—one public and one private—published an editorial in The Dallas Morning News this week, warning that the congressional tax bill will hurt Texas students and universities if it passes.
The column was penned by Gregory Fenves, the president of the University of Texas at Austin, and Danny J. Anderson, the president of Trinity University. Both presidents urged congress not to pass the bill, claiming that the new tax policies would compromise the abilities of Texas students “to earn life-changing degrees.”
The tax bill proposes an increase in the excise tax on certain private nonprofit university endowments, which the presidents charged would “jeopardize the financial stability of many private universities.”
The authors concluded by stating that “America's high-quality pre-eminent private universities ... should be celebrated and championed ... not punished with debilitating government taxation.”