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.
2025.07.08 Phillip Levine on endowment tax The Chronicle of Higher Education
“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."
2025.07.07 Phillip Levine on college endowments The Nation
“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.”
2025.07.07 Kellie Carter Jackson on Trump's erasure of Black historical figures WBUR
Since Trump’s inauguration, the government has scrubbed information about Black historical figures and other minorities from a number of its websites. Kellie Carter Jackson unpacks why.
2025.07.07 Phillip Levine on rapidly aging populations NPR
Many countries now face a rapidly aging population that could begin to shrink. "There's just, relatively speaking, no children being born in South Korea," said economist Phillip Levine.
2025.07.05 Wellesley environmental researchers projections on bill The Independent
According to projections from Wellesley environmental researchers, the bill threatens 4,500 clean energy projects, puts hundreds of thousands of jobs at risk, and could add billions to energy bills.
2025.07.03 Jasmine Guillory '97 open letter about AI NPR
Novelist Jasmine Guillory ’97 along with more than 70 writers wrote an open letter about AI to literary publishers, demanding that publishing houses never release books that were created by machines.