Academic Freedom Podcast on the University Endowment Tax

An explainer from Brian Galle

A new episode of the Academic Freedom Podcast has been released. The podcast is sponsored by the Academic Freedom Alliance and the Center for Academic Freedom and Free Speech at Yale Law School.

This episode features a conversation with Brian Galle, the Agnes Williams Sesquicentennial Professor of Tax Policy at Georgetown University Law Center, an expert on taxation and nonprofits. Galle recently served as a senior fellow in the division of corporation finance at the Securities and Exchange Commission.

He joins us to talk about the proposed tax on university endowments now making its way through Congress. The Republican House Ways & Means Committee issued a press release proclaiming that their bill "holds woke, elite universities that operate like major corporations . . . accountable." The House bill would impose dramatic new taxes on universities, hitting a number of wealthy universities particularly hard.

What is the endowment tax and what is its significance for the future of higher education? The new episode can be found here.