President Trump on Friday announced plans to strip Harvard University of its tax-exempt status, escalating his feud with the Ivy League school. <\/p>\n
\u201cWe are going to be taking away Harvard\u2019s Tax Exempt Status. It\u2019s what they deserve!\u201d Trump wrote on Truth Social<\/a>.<\/p>\n The declaration comes after his administration reportedly asked<\/a> the IRS to revoke Harvard\u2019s status last month, after Trump had suggested the idea on social media.<\/p>\n Tax exemption is reserved for<\/a>, among other categories, religious, charitable and educational organizations that meet 501(c)(3) qualifications with the IRS. <\/p>\n The president’s comments on the tax exemption status appear as part of an ongoing salvo with Harvard<\/a> and higher education, particularly Ivy League schools. The White House has threatened funding<\/a> at top schools as a way to pressure the institutions<\/a> over diversity, equity and inclusion initiatives and other issues. Harvard has hit back, suing over halted funding<\/a>.<\/p>\n \u201cTax-exempt status, I mean, that\u2019s a privilege. It\u2019s really a privilege. And it\u2019s been abused. By a lot more than Harvard, too,\u201d Trump told reporters in April, calling Harvard \u201ca disgrace\u201d and also pointing to Columbia University and Princeton University. <\/p>\n The president has also floated a wider crackdown<\/a> on the tax-exempt status of other entities, suggesting immigrant rights groups or environmental rights groups \u201ccould be\u201d on the table. <\/p>\n At the same time, Trump’s crackdown on the size of the federal government is also impacting the IRS: Nearly 20,000 employees at the IRS are reportedly taking<\/a> the administration’s buyout offer, and the administration is planning to end<\/a> the IRS’s free tax filing service.<\/p>\n","protected":false},"excerpt":{"rendered":" President Trump on Friday announced plans to strip Harvard University of its tax-exempt status, escalating his feud with the Ivy League school. \u201cWe are going to be taking away Harvard\u2019s Tax Exempt Status. It\u2019s what they deserve!\u201d Trump wrote on Truth Social. The declaration comes after his administration reportedly asked the IRS to revoke Harvard\u2019s status last month, after Trump had suggested the idea on social media. Tax exemption is reserved for, among other categories, religious, charitable and educational organizations that meet 501(c)(3) qualifications with the IRS. The president’s comments on the tax exemption status appear as part of an ongoing salvo with Harvard and higher education, particularly Ivy League schools. The White House has threatened funding at top schools as a way to pressure the institutions over diversity, equity and inclusion initiatives and other issues. Harvard has hit back, suing over halted funding. \u201cTax-exempt status, I mean, that\u2019s a privilege. It\u2019s really a privilege. And it\u2019s been abused. By a lot more than Harvard, too,\u201d Trump told reporters in April, calling Harvard \u201ca disgrace\u201d and also pointing to Columbia University and Princeton University. The president has also floated a wider crackdown on the tax-exempt status of other entities, suggesting immigrant rights groups or environmental rights groups \u201ccould be\u201d on the table. At the same time, Trump’s crackdown on the size of the federal government is also impacting the IRS: Nearly 20,000 employees at the IRS are reportedly taking the administration’s buyout offer, and the administration is planning to end the IRS’s free tax filing service.<\/p>\n","protected":false},"author":1,"featured_media":396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/atm878.com\/index.php\/wp-json\/wp\/v2\/posts\/394"}],"collection":[{"href":"https:\/\/atm878.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/atm878.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/atm878.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/atm878.com\/index.php\/wp-json\/wp\/v2\/comments?post=394"}],"version-history":[{"count":1,"href":"https:\/\/atm878.com\/index.php\/wp-json\/wp\/v2\/posts\/394\/revisions"}],"predecessor-version":[{"id":395,"href":"https:\/\/atm878.com\/index.php\/wp-json\/wp\/v2\/posts\/394\/revisions\/395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/atm878.com\/index.php\/wp-json\/wp\/v2\/media\/396"}],"wp:attachment":[{"href":"https:\/\/atm878.com\/index.php\/wp-json\/wp\/v2\/media?parent=394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/atm878.com\/index.php\/wp-json\/wp\/v2\/categories?post=394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/atm878.com\/index.php\/wp-json\/wp\/v2\/tags?post=394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}