By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Donald Trump threatens to remove Harvard’s tax exempt status
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Business > Donald Trump threatens to remove Harvard’s tax exempt status
Business

Donald Trump threatens to remove Harvard’s tax exempt status

By Viral Trending Content 4 Min Read
Share
SHARE

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.

You Might Also Like

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays

White House warned staff against betting on futures markets amid Iran war, official says

Only five ships crossed the Strait of Hormuz Thursday, far below Iran’s pledge as negotiations begin

TReDS tweak to ease MSME credit flow amid global pressure

1 FTSE 250 stock I like and 1 I’ll avoid after the stock market correction

TAGGED: bbc business, Business, business ideas, business insider, Business News, business plan, google my business, income, money, opportunity, small business, small business idea
Share This Article
Facebook Twitter Copy Link
Previous Article Standard Chartered forecasts nearly 10x surge in stablecoin market to $2 trillion by 2028
Next Article April 16th: Wednesday’s Champions League Double – 7/1 Special, Betting Tips & Predictions
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
Business
Apple AI Pin Specs Leak: Dual Cameras, No Screen & More
Tech News
A ‘glass-like’ battlefield: German Army chief on the future of warfare
World News
Polymarket Sees Record $153M Daily Volume After Chainlink Integration
Crypto
Natasha Lyonne Then & Now: See Before & After Photos of the Actress Here
Celebrity
Cult Hit Doki Doki Literature Club Fights Removal From Google Play Store Over ‘Depiction Of Sensitive Themes’
Gaming News
Dead as Disco Launches Into Early Access on May 5th, Groovy New Gameplay Released
Gaming News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
April 10, 2026
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?