President Trump on Friday announced plans to strip Harvard University of its tax-exempt status, escalating his feud with the Ivy League school.\u00a0<\/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.\u00a0<\/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.\u00a0<\/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…<\/p>\n","protected":false},"author":1,"featured_media":1424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"_links":{"self":[{"href":"http:\/\/thetoptenwebhosts.com\/index.php\/wp-json\/wp\/v2\/posts\/1422"}],"collection":[{"href":"http:\/\/thetoptenwebhosts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/thetoptenwebhosts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/thetoptenwebhosts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/thetoptenwebhosts.com\/index.php\/wp-json\/wp\/v2\/comments?post=1422"}],"version-history":[{"count":1,"href":"http:\/\/thetoptenwebhosts.com\/index.php\/wp-json\/wp\/v2\/posts\/1422\/revisions"}],"predecessor-version":[{"id":1423,"href":"http:\/\/thetoptenwebhosts.com\/index.php\/wp-json\/wp\/v2\/posts\/1422\/revisions\/1423"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/thetoptenwebhosts.com\/index.php\/wp-json\/wp\/v2\/media\/1424"}],"wp:attachment":[{"href":"http:\/\/thetoptenwebhosts.com\/index.php\/wp-json\/wp\/v2\/media?parent=1422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/thetoptenwebhosts.com\/index.php\/wp-json\/wp\/v2\/categories?post=1422"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/thetoptenwebhosts.com\/index.php\/wp-json\/wp\/v2\/tags?post=1422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}