(Oh yeah but we should sit down and talk with these raving fascists, right Bill Maher? Right Scarborough? Right Cenk?)
from Politico
President Donald Trump threatened to eliminate Harvard University’s tax-exempt status, following the Ivy League school’s refusal to implement policy changes demanded by his administration.
“Perhaps Harvard should lose its Tax Exempt Status and be Taxed as a Political Entity if it keeps pushing political, ideological, and terrorist inspired/supporting ‘Sickness?’” Trump said in a Truth Social post on Tuesday.
He added: “Remember, Tax Exempt Status is totally contingent on acting in the PUBLIC INTEREST!”
Basically all major colleges and universities are tax-exempt organizations, and the government revoking that status over policy disagreements would be unprecedented. The U.S. tax code also grants exemptions to a wide swath of organizations, including charities, religious institutions — and even some political organizations.
But Republicans have taken aim at the Ivy League through the tax code in the past.
Congress imposed a 1.4 percent tax on high-dollar university endowments, like Harvard’s, in 2017 and Republicans may expand the levy in the tax package they are currently assembling.
Trump’s threats follow his administration pulling over $2.2 billion of Harvard’s federal funding in response to the university announcing it would not comply with a list of demands to curb what the White House views as antisemitism on campus...
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