The investment that leads to growth is not just in plant and equipment. It also includes human capital, which means educating our labor force. And it includes the knowledge that flows from basic research. The United States is an economic superpower in part because we have the best university system in the world. **The tax bill undermines that.**
via Mankiw:The Peril of Taxing Elite Higher Education
This is a must read. The new taxes on Universities did not get the coverage it should have.
