Did people even read the article? Endowment taxes make sense - 1.4% taxes on investment vehicles in the billions just do not make sense. Then the president masquerades enrollment by ignoring the ~4% bump for Sloan (and EECS). Grants / funding though is a different story and worth mentioning/discussing...

The speech makes a lot of arguments. It argues against the endowment tax, which seems politically deaf. But it also cites research-funding cuts (both legal and illegal).