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Princetonians for Free Speech
Since the beginning of the year, Princetonians for Free Speech has been warning that Princeton and other universities were likely to be hit with a big increase in the current 1.4 % tax on endowment income. Now it is happening.
In the early hours of yesterday morning, the House Ways & Means Committee voted to report out its part of the Reconciliation bill – a.k.a. the “One Big Beautiful Bill.” This massive bill contains numerous tax provisions, including a large increase in the tax rate, now 1.4%, on endowment income. The bill creates a tiered tax rate based on an institution’s “student-adjusted” endowment. There are four rates: 1.4%, 7%, 14%, and 21%. The 21% rate applies to schools with an endowment of at least $2 million per student. It is the same as the corporate tax rate. Princeton qualifies for the 21%. According to one article, others qualifying for the highest rate are Harvard, Yale, Stanford, and MIT. Here is a list of the largest endowments. Princeton is listed at $34 billion. Note that Texas, which has a large endowment, is not covered by the endowment tax because it is a public university.
Christopher Bao and Annie Rupertus
Daily Princetonian
Excerpt: Princeton asked all departments and University units to prepare “separate plans for 5 percent and 10 percent permanent budget cuts to be phased in over the next three years, with some actions to start later this summer” in an email sent to faculty and staff on Monday afternoon — the University’s most dramatic budgetary guidance yet following a tumultuous semester for higher education.
The email, sent by Provost Jennifer Rexford and Executive Vice President Katie Callow-Wright, explicitly acknowledged the potential for layoffs to be part of budget reductions. “Cuts of this magnitude to our budget cannot be achieved without changes to some operations and the associated elimination of some staff positions,” they wrote.
David Montgomery ‘83
Princeton Alumni Weekly
Excerpt: For the first time in memory, Princeton is inviting alumni, faculty, students, and allies to lend their voices to a broad campaign of political advocacy and public affirmation in response to the Trump administration’s unprecedented attacks on research funding and academic freedom in American higher education. “To my knowledge, this is a new kind of initiative for the University,” President Christopher Eisgruber ’83 told PAW in an early May interview about the campaign, which is called “Stand Up for Princeton and Higher Education.”
Jake Offenhartz
Associated Press
Excerpt: New York University said it would deny a diploma to a student who used a graduation speech to condemn Israel’s attacks on Palestinians and what he described as U.S. “complicity in this genocide.”
Logan Rozos’s speech Wednesday for graduating students of NYU’s Gallatin School sparked waves of condemnation from pro-Israel groups, who demanded the university take aggressive disciplinary action against him.
Alice Speri
The Guardian
Excerpt: Parker Hovis was four courses away from getting his computer science degree from the University of Florida when he was arrested along with several other students at a pro-Palestinian protest on campus last spring. While the charges against him were dismissed and a school conduct committee recommended only minor punishment – a form of probation – the university administration suspended him for three years. He’ll be required to reapply if he wants to come back after that.
Hovis, who has since left Florida and is working to pay off his student loans despite never graduating, is one of more than 1,000 students or student groups that were targeted by their universities for punishment between 2020 and 2024 over their speech, according to a report published today by the Foundation for Individual Rights and Expression (Fire). About 63% of them were ultimately punished.
Jessica Blake
Inside Higher Ed
Excerpt: All the pieces of House Republicans’ plan to cut trillions in federal spending are now public, and if the package becomes law, colleges and universities could face crippling repercussions, higher education experts say.
“It is a full-out assault on the ability of students—especially low-income students—to access and afford higher education,” said Jon Fansmith, senior vice president for government relations and national engagement at the American Council on Education. “It will have a dramatically negative impact, not just on higher ed, but on the whole population.”
To PFS subscribers, members and friends,
April saw a major campus protest, one that disrupted and cut short an April 7 event featuring former Israeli Prime-Minister Nefthali Bennett. This disruption was by far the worst we have seen on Princeton’s campus. In response,PFS issued two letters to President Eisgruber and the administration. The first letter was sent on April 9 in the immediate aftermath of the event. It makes specific recommendations for swift action to sanction those responsible for breaking university rules. Anticipating a possible recurrence at an April 22 event with Yechiel Leiter, the new Israeli Ambassador to the US, PFS sent the second letter on April 18, outlining measures not taken at the first event, that are critical to preventing more disruption.
To PFS Subscribers, Members and Friends,
On March 10 the Department of Education’s office of Civil Rights sent letters to 60 universities, including Princeton. Theseletters warned of potential “enforcement actions” if institutions do not protect Jewish students.
On March 20, in reaction to the Trump administration’s threat to cut $400 million in Federal funding from Columbia University, 18 law professors with a range of views from liberal to conservative, signed a public letter in The New York Review arguing: “the government may not threaten funding cuts as a tool to pressure recipients into suppressing First Amendment-protected speech.” The next day, Columbia conceded to government demands. Other thanBrown University’s President Christina Paxson, who detailed what Brown would do under similar threats, Princeton’s President Eisgruber was a lone voice amongst the leadership of these universities – in The Cost of Government Attacks on Columbia, published by the Atlantic on March 19.
This week in The Chronicle of Higher Education, three of the 18 public letter signatories, all first amendment scholars, discuss what Columbia and other universities threatened with funding cuts should do. It is worth reading “It is Remarkable How Quickly the Chill Has Descended.” with Michael C. Dorf, of Cornell University; Genevieve Lakier, of the University of Chicago; and Nadine Strossen, of New York Law School.
223 out of 251. A “red light” institution has at least one red light policy that both clearly and substantially restricts freedom of speech.
