Trump threatens Harvard's tax-exempt status after freezing $2bn funding
WASHINGTON - President Donald Trump has called for Harvard University to lose a valuable tax break, hours after his administration announced it is freezing more than $2bn in federal funds for the elite institution. The White House has demanded the oldest university in the US make changes to hiring, admissions and teaching practices which it says will help fight antisemitism on campus. Since returning to office, Trump has pushed to reshape top universities by threatening to withhold federal funds that are mostly designated for research. Harvard became the first major US university to reject his administration's demands on Monday, accusing the White House of trying to "control" its community. In a Tuesday morning post on social media, Trump threatened to go beyond withholding the federal funds and targeted Harvard tax-exempt status. Universities, as well as many charities and religious groups, are exempt from paying federal income taxes. This valuable tax break, though, can be removed if the groups become involved…
15 Apr 00:00 · Inlandnewstoday