President Donald Trump said Harvard University would lose its tax-exempt status, stepping up his attack on the Ivy League school with a threat that was decried as out of his jurisdiction.
Trump made the announcement after weeks of threatening a change to the school’s tax-free treatment. Experts say that revoking Harvard’s tax-exempt status would be a long process through the Internal Revenue Service and likely the courts — and that it could take years.
Read more: https://www.bloomberg.com/news/articles/2025-05-02/trump-says-harvard-will-lose-its-tax-exempt-status
#trump #politics #harvard
Author: Bloomberg Television
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News post in May 6, 2025, 12:06 am.
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