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The Abstract
> Edited by Torie Ludwin, Arnold Ventures (AV)
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This week, the Senate Health, Education, Labor, and Pensions Committee (HELP) released its text for the reconciliation bill. Kelly McManus, vice president of Higher Education at Arnold Ventures, provided a statement in response, commenting on what’s working and what could be strengthened.
Read her statement>
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Why Taxing University Endowments
Is Good Policy
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Public Finance
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The Bipartisan Policy Center emphasizes that the potential for tax cuts to stimulate growth is maximized when accompanied by fiscal responsibility.
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Tax Foundation's Daniel Bunn discusses in the Macro Musings podcast how out-of-control federal deficits increasingly constrain the Fed’s ability to manage inflation.
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In The Debt Dispatch, Dave Herbert argues that cutting deficits is not sufficient to achieve fiscal responsibility unless you also tackle the structural drivers of debt to ensure long-term budget stability.
The Wall Street Journal reports the details of the $9.4 billion rescissions package that the Trump Administration sent to Congress, reviving prior proposals to slash funding for foreign aid and public broadcasting programs. (free link)
Health Care
In a statement, the Alliance for Fair Health Pricing — a non-partisan coalition representing patients, consumers, businesses, and purchasers working together to make high-quality health care more affordable for consumers and employers — is calling on the Senate to include site-neutral payments in the reconciliation bill as a bipartisan fix that lowers costs for patients and employers.
Higher Education
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In a statement to Higher Ed Dive, AV’s Vice President of Higher Education Kelly McManus underscores how the Senate Health, Education, Labor and Pensions (HELP) Committee’s reconciliation bill takes an important step in including accountability measures and urges Senators to include a “debt-to-earnings metric in addition to the earnings test.”
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Inside Higher Education provides an overview of the Senate Health, Education, Labor and Pensions (HELP) Committee’s reconciliation bill, which ensures there are limits on graduate loans, simplifies the loan repayment system, and maintains protections for borrowers, among other provisions.
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In an interview with NPR, leaders from Veterans Education Success discuss the One Big Beautiful Bill’s impact on the 90/10 rule. They argue that a provision in the bill would reopen a loophole used by for-profit colleges to exploit veterans’ education benefits and leave them with worthless degrees.
Criminal Justice
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Washington County, Ohio has become the 27th jurisdiction in the United States to implement the IGNITE program in its jails, the Marietta Times reports. IGNITE is an innovative, jail-based program aimed at reducing recidivism and re-incarceration.
Recently, 3 corrections officers were held hostage during a riot at the privately run and deeply troubled Trousdale Turner Correctional Center in Tennessee, CBS News reports. The incident is a stark reminder of the harsh and deteriorating conditions staff and incarcerated people alike experience in many of our nation’s prisons, said representatives from the Safer Prisons, Safer Communities campaign in response.
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On PBS’s Weathered, AV’s Vice President of Infrastructure, Housing Jenny Schuetz spoke with weather expert Maiya May about why Americans are moving to areas prone to climate issues. Watch here. |
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Two musical geniuses, Sly Stone and Brian Wilson, died at age 82 this week. Both were pioneers of their genres who reached extraordinary fame followed by addiction, mental health issues, and retreat from the public eye.
Amir “Questlove” Thompson released a documentary this spring, SLY LIVES! (aka The Burden of Black Genius),which discusses the legacy of Sly and the Family Stone with contemporary artists. In 2021, Rolling Stone editor Jason Fine drove around Los Angeles with Wilson, reviewing his life, for the documentary Long Promised Road.
For those unfamiliar with their work, try Sly’s funk anthem “Thank You (Falettinme Be Mice Elf Agin)” (live) and “Everyday People”; from the Beach Boys, try “God Only Knows.”
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