Indeed, Stanford has been instrumental in fostering and sustaining innovation in Silicon Valley, one of the most vibrant economic environments the world has ever known. Sergey Brin and Larry Page’s PhD dissertation work at Stanford formed the basis of Google, which now employs more than 70,000 people. Other university spinouts include Cisco, Sun Microsystems, and Yahoo, among many other companies driving innovations in law, medicine, and clean energy (see “A Material That Throws Heat into Space Could Soon Reinvent Air-Conditioning”). In 2016 alone, Stanford filed 289 patents and signed 141 license agreements, including licenses to 32 companies based “primarily on Stanford technology,” according to the Office of Technology Licensing’s annual report.

Before I went to graduate school, I worked for a software firm in New York City. They sent me to sales training so that I might be better positioned to market our services.

Should the cost of that sales training have been regarded as taxable income for me? Clearly not. Training of workers should be regarded as an expense to the employer, to whom the benefits accrue. And the same should go for colleges.

The American university system is a national treasure and an economic engine. It is simply disgusting that politicians would jeopardize it to satisfy the immediate interests of the rich and their own hunger for power.

The best we can hope for now is that this deeply misguided measure is killed during reconciliation with the Senate version of the bill. But it’s little comfort that we’re relying on the deliberative wisdom of Senate Republicans, who packed their own bill with giveaways to the ultra-wealthy, to rein in the worst tendencies of their House colleagues.

Higher taxes should fall on the rich who have already benefited the most from America’s technological ascendancy, not young, cash-strapped students. Long-term economic growth depends on helping people like Google’s Brin and Page to study and work in America’s great universities.

Congress should do everything it can to support highly motivated, brilliant, and creative young students with the resources they need to create the new technologies that improve our lives and the new companies that improve our economy.

Ken Caldeira is a senior scientist in the Department of Global Ecology at the Carnegie Institution for Science and a professor by courtesy in the Stanford University Department of Earth System Science.