Tuesday, February 28, 2017

Harvard ramps up lobbying as Trump is seen as threat

The Boston Globe reports:
Harvard president Drew Faust is ramping up efforts to protect the university from upheaval during the Trump administration, shuttling to Washington this week to make the case for ongoing scientific funding and the continued free flow of foreign students and academics.

Trump’s travel restriction and plan to aggressively boost military spending — potentially at the expense of National Institutes of Health budgets — pose threats to Harvard, which is one of the biggest economic engines in Massachusetts.

The college spent about $600,000 last year lobbying officials to make sure the federal tap continues to flow. It also is closely monitoring tax overhaul plans that could reduce or eliminate deductions for charitable giving and impose taxes on the university’s huge endowment.

Faust is visiting Washington to make the case directly to members of Congress.
Rent-seeking in the news. It appears Harvard doesn't want to pay its' "fair share".