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“The institutions that are ultimately going to be affected are the ones who’ve been under the microscope,” said Phillip Levine. “I don’t think it’s actually a surprise it’s been designed that way.”

The new bill is “a major blow to the future of the clean energy industry in the U.S.,” said environmental studies professor Jay Turner, who maintains a database of U.S. battery and EV investments.

Georgia Pellegrini '03 receives a 2025 Daytime Emmy Award Nomination for her show “Modern Pioneering with Georgia Pellegrini.”

Trewstar founder Beth Stewart ’78 may have been an unlikely director at the time, but her time at Goldman Sachs prepared her for the opportunity. Now she’s opening the door for others.

Economist Phillip Levine estimated that just 16 universities will pay the increased endowment tax, with Harvard taking the greatest hit at $267 million USD a year based on past investment earnings.

Phillip Levine discusses the fact that the U.S. birth rate is falling fast. For a population to remain stable, women, on average, have to have 2.1 kids. In the U.S., that number is 1.6, and dropping.

Tuition hikes will follow the higher endowment tax. “We’re already seeing evidence that institutions are raising their sticker prices more than they have been in the past,” Phillip Levine told CNBC.

“Some even more punitive proposals were passed over, but this will still sting,” writes economist Phillip Levine for The Chronicle. "Yes, your head should be spinning trying to make sense of it all."

“Highly endowed colleges are the least expensive college options for [low income] students,” economist Phillip Levine told The Nation. “They are able to do that because of their large endowments.”