Tax Exemption

Washington, May 3, 2025 – U.S. President Donald Trump on Friday announced his intention to revoke Harvard University's tax-exempt status, escalating his administration's crackdown on elite academic institutions. The announcement, made via his social media platform, marks a new chapter in Trump’s increasingly combative stance against higher education institutions he accuses of promoting “radical left ideologies.”“We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” Trump wrote, without offering a timeline or formal policy details.Harvard University has not yet responded publicly to the president’s remarks.Since returning to the White House in January, President Trump has…