The Tax Cuts and Jobs Act of 2017 requires colleges and universities with more than 500 students and endowments larger than $500,000 per student to pay a tax of 1.4% on the total income from their endowments. In 2021, 33 schools were subject to this tax, which is a tiny fraction of the American higher education sector but one that receives considerable public attention.
As debateson extending and reforming the endowment tax continue, Phillip Levine provides key information on how colleges and universities use their endowments and how this impacts students.
The state of the U.S. presidential race. The surge in popular support that Kamala Harris has enjoyed since President Biden withdrew from the race has moved her into the lead, including in important battleground states. Does this mean she is favored to win the election? William A. Galston digs beneath the surface of polling data to assess.
Inflation in emerging Asia. In a new paper, Antonio Fatás examines how inflation affected emerging and developing economies (EMDEs) in Asia during the 2020-2023 period and provides comparisons to EMDEs in other parts of the world and more advanced economies.
About Brookings
The Brookings Institution is a nonprofit organization based in Washington, D.C. Our mission is to conduct in-depth, nonpartisan research to improve policy and governance at local, national, and global levels. If you were forwarded this email, sign up for the Brookings Brief to stay updated on our latest work.
The Brookings Institution,1775 Massachusetts Ave NW, Washington, DC 20036
The conclusions and recommendations of any Brookings publication are solely those of its author(s), and do not reflect the views of the Institution, its management, or its other scholars.
