Update on Staff Hiring

Congress is proposing increasing the tax on the yield of endowments? Can anyone convince me how this, along with their proposed cuts to the NSF, isn't a direct attack on higher education? I have a low opinion of the reasoning ability of the members of Congress and their knowledge of, well, anything, but are they really that ignorant of how America had achieved its financial, industrial, and technological might?

So the plan is to raise endowment tax from 1.4% to 21%.

> raise the excise tax levied on certain private university endowment profits from 1.4% to 21%. [1]

[1] https://nehls.house.gov/media/press-releases/rep-troy-e-nehl...