• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
Politics

Trump Orders IRS to Draw Up Plans to Rescind Harvard’s Tax-Exempt Status

by April 16, 2025
April 16, 2025

Credit: Wikimedia Commons

The Trump administration is turning up the heat on Harvard University.

According to a report from CNN, the Trump administration has ordered the Internal Revenue Service to draw up plans to rescind Harvard’s tax-exempt status.

The move could potentially cost Harvard billions of dollars a year, threatening its status as one of the world’s leading academic institutions.

Gary Shapley, recently appointed by Trump as acting commissioner of the IRS, holds the legal authority to revoke an organization’s tax-exempt status. Such action is usually taken after the agency concludes that the group has breached federal guidelines that regulate nonprofit entities.

Tax-exempt organizations risk losing that status if they engage in prohibited activities, including certain forms of political involvement.

A final decision is expected in the coming days.

On Tuesday, Trump ordered the the freezing of approximately $2.3 billion in federal funding to the university over its non-compliance with directives on abolishing DEI and race-based admissions as well as its refusal to crack down on campus antisemitism.

Harvard President Alan Garber rejected these demands, citing the university’s supposed commitment to academic freedom and political autonomy.

Gaber said in a statement:

We have informed the administration through our legal counsel that we will not accept their proposed agreement. The University will not surrender its independence or relinquish its constitutional rights.

The administration’s prescription goes beyond the power of the federal government. It violates Harvard’s First Amendment rights and exceeds the statutory limits of the government’s authority under Title VI.

And it threatens our values as a private institution devoted to the pursuit, production, and dissemination of knowledge.

No government—regardless of which party is in power—should dictate what private universities can teach, whom they can admit and hire, and which areas of study and inquiry they can pursue.

​Trump Administration Freezes $2.3 Billion in Harvard Funding Amid DEI and Antisemitism Dispute

President Trump’s Joint Task Force to Combat Anti-Semitism denounced the response as reinforcing the “troubling endemic mindset in our nation’s most prestigious universities and colleges – that federal investment does not come with the responsibility to uphold civil rights laws.”

“The disruption of learning that has plagued campuses in recent years is unacceptable,” they continued. “The harassment of Jewish students is intolerable.”

”It is time for elite universities to take the problem seriously and commit to meaningful change if they wish to continue receiving taxpayer support.”

The post Trump Orders IRS to Draw Up Plans to Rescind Harvard’s Tax-Exempt Status appeared first on The Gateway Pundit.

previous post
Israeli Intel Coup Against Netanyahu Exposed: “Shin Bet Has Turned into a Private Militia of the Deep State”
next post
DESPICABLE: MSNBC and CNN Refuse to Cover Press Briefing as Angel Mom Patty Morin Shares Heartbreaking New Details of Daughter’s Murder, Shreds Democrat Chris Van Hollen, and Pleads for Media to “Tell The Truth” (VIDEO)

You may also like

Incoming DOJ Investigation? Trump Demands Investigation Into Kamala...

May 19, 2025

JUST IN: House Budget Committee Passes Trump’s Budget...

May 19, 2025

Narcissist Michelle Obama: “People Line Up For My...

May 19, 2025

Army Issues Guidance and Begins Separation of Trans...

May 19, 2025

‘Absolute Losers’: Rock Legend Elton John Torches Labour...

May 19, 2025

Letitia Files: Legal Precedent Suggests Letitia James Could...

May 19, 2025

WATCH LIVE: White House Press Briefing – 9...

May 19, 2025

Rep. James Comer Says STAFFERS Behind Biden’s Autopen...

May 19, 2025

Kevin Spacey is Finally ‘Uncancelled’ as He is...

May 19, 2025

BLM Activist Aston Mack, Busted During a Child...

May 19, 2025

Incoming DOJ Investigation? Trump Demands Investigation Into Kamala...

May 19, 2025

JUST IN: House Budget Committee Passes Trump’s Budget...

May 19, 2025

Narcissist Michelle Obama: “People Line Up For My...

May 19, 2025

Army Issues Guidance and Begins Separation of Trans...

May 19, 2025

‘Absolute Losers’: Rock Legend Elton John Torches Labour...

May 19, 2025

Letitia Files: Legal Precedent Suggests Letitia James Could...

May 19, 2025

WATCH LIVE: White House Press Briefing – 9...

May 19, 2025

Rep. James Comer Says STAFFERS Behind Biden’s Autopen...

May 19, 2025

Kevin Spacey is Finally ‘Uncancelled’ as He is...

May 19, 2025

BLM Activist Aston Mack, Busted During a Child...

May 19, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Letitia Files: Legal Precedent Suggests Letitia James Could Face Disbarment in New York

      May 19, 2025
    • WATCH LIVE: White House Press Briefing – 9 AM ET

      May 19, 2025
    • Rep. James Comer Says STAFFERS Behind Biden’s Autopen Scandal When He was “Clearly in Mental Decline” Have Been IDENTIFIED — Warns Subpoenas Are Coming (VIDEO)

      May 19, 2025
    • Kevin Spacey is Finally ‘Uncancelled’ as He is Honored With Lifetime Achievement Award in Cannes

      May 19, 2025
    • BLM Activist Aston Mack, Busted During a Child Sex Sting Operation

      May 19, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick