BusinessPostCorner.com
No Result
View All Result
Sunday, June 7, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Donald Trump threatens to remove Harvard’s tax exempt status

April 15, 2025
in Finance
Reading Time: 3 mins read
A A
0
Donald Trump threatens to remove Harvard’s tax exempt status
ShareShareShareShareShare

Unlock the White House Watch newsletter for free

Your guide to what the 2024 US election means for Washington and the world

Donald Trump doubled down on his administration’s stand-off with Harvard university with a threat to remove the university’s tax exempt status.

His warning came less than a day after the White House said it would freeze more than $2.2bn in funding for Harvard following the university’s refusal to comply with demands for a series of overhauls to its governance and student discipline.

“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?” Remember, Tax Exempt Status is totally contingent on acting in the PUBLIC INTEREST!” the president wrote on his Truth Social platform.

Trump’s threat adds to concerns among US higher education institutions that government intends to widen its attacks for what it claims are failures to tackle alleged antisemitism on campuses. 

The Trump administration is considering removing tax exempt status for US universities and overhauling the accreditation system that makes them eligible for federal funding including student loans.

“I think a lot of Americans are wondering why their tax dollars are going to these universities when they are not only indoctrinating our nation’s students but also allowing such a group’s egregious illegal behaviour to occur,” White House spokesperson Karoline Leavitt said on Tuesday.

“The President’s position on this is grounded in common sense, in the basic principle that Jewish American students, or students of any faith, should not be illegally harassed and targeted on our nation’s college campuses, and we unfortunately saw that illegal discrimination take place on the campus of Harvard,” she added.

Harvard said the demands from the administration encroached on academic freedom and lacked due process.

“The University will not surrender its independence or relinquish its constitutional rights,” Harvard’s president Alan Garber said on Monday.

The university is the first high profile institution to resist the administration’s demands following several weeks of threats and grant freezes.

Unlike Harvard, New York’s Columbia University bowed to administration demands after $400mn in grants were cut, which have yet to be reinstated. Instead the government is planning an aggressive court-supervised consent order to oversee the university.

But there are signs that universities are beginning to challenge the administration. “Harvard’s objections to the letter it received are rooted in the American tradition of liberty, a tradition essential to our country’s universities, and worth defending,” said Jonathan Levin, the president of Stanford University.

He added: “The way to bring about constructive change is not by destroying the nation’s capacity for scientific research, or through the government taking command of a private institution.”

Networks of university professors and teachers have already sued the administration, and there are broader actions under way to challenge a blanket freeze across universities on grants related to topics including diversity, equity and inclusion.

Universities are also challenging a cap on indirect costs associated with grants across the country from the National Institutes of Health, and the Department of Energy.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Binance among crypto exchanges hit by Amazon Web Services outage

Next Post

Millionaire tax-hike talks gain steam as Trump signals openness

Next Post
Millionaire tax-hike talks gain steam as Trump signals openness

Millionaire tax-hike talks gain steam as Trump signals openness

Bitcoin Price Prediction: Microsoft Quantum Breakthrough Could Change Bitcoin’s Future

Bitcoin Price Prediction: Microsoft Quantum Breakthrough Could Change Bitcoin’s Future

June 3, 2026
'I lost thousands in savings and my partner's money is in limbo'

'I lost thousands in savings and my partner's money is in limbo'

June 4, 2026
Ethereum Could Outperform Bitcoin Despite Recent Price Weakness: Standard Chartered

Ethereum Could Outperform Bitcoin Despite Recent Price Weakness: Standard Chartered

June 3, 2026
CPI on June 10 and the FOMC on June 17, Bitcoin’s Next Big Move Will Be Decided in the Next 7 Days

CPI on June 10 and the FOMC on June 17, Bitcoin’s Next Big Move Will Be Decided in the Next 7 Days

June 7, 2026
The Class of 2026: Meet the 12 companies making their Fortune 500 debut

The Class of 2026: Meet the 12 companies making their Fortune 500 debut

June 5, 2026
As Microsoft seeks to be AI’s center of gravity, CEO Satya Nadella makes the case in San Francisco

As Microsoft seeks to be AI’s center of gravity, CEO Satya Nadella makes the case in San Francisco

June 2, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Trump says Fed rate increase would be wrong ahead of Warsh debut

Trump says Fed rate increase would be wrong ahead of Warsh debut

June 7, 2026
AI’s mega stock deals raise specter of more shares than buyers

AI’s mega stock deals raise specter of more shares than buyers

June 7, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!