Harvard University faces significant repercussions as President Trump threatens to revoke its tax-exempt status following its resistance against his Education Department policies. This conflict comes after Harvard filed a lawsuit over the freezing of federal funds, which could total over $3 billion due to Trump's administration's actions. Tax policy experts express grave concerns over the implications of such presidential power, potentially allowing for the IRS to be misused against political foes. The university community largely supports its stance and is prepared to support legal efforts against these measures.
Means the administration can use the IRS as a political tool to intimidate any opponents they target, a dangerous precedent that has never been set before.
Harvard is facing up to $2.2 billion in federal funding cuts due to its resistance against Trump's admin orders, risking nearly 40% of its operational budget.
Trump's declaration reflects a broader attack on higher education institutions that oppose his policies, challenging the legal boundaries of presidential power.
A NYU law professor describes the Presidentâs statement as a lawless action, warning of a potential future where tax laws are weaponized against political adversaries.
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