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Trump floats wider IRS tax exemption crackdown

3 62
18.04.2025

President Trump on Thursday floated a wider crackdown on tax-exempt entities after his administration asked the Internal Revenue Service (IRS) to revoke Harvard University’s tax-exempt status this week.

“Tax-exempt status, I mean, that’s a privilege. It’s really a privilege. And it’s been abused. By a lot more than Harvard, too,” Trump told reporters in the Oval Office, calling Harvard “a disgrace” and also pointing to Columbia University and Princeton University

“I don’t believe they’ve made a final ruling but it’s — it’s something that these schools really have to be very, very careful with,” Trump said.

The IRS reportedly received an ask........

© The Hill