Quick Take
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President Trump announced plans to revoke Harvard University’s tax-exempt status, stating in a social media post that it’s what the institution deserves.
US President Donald Trump said on Friday that the administration will strip Harvard University of its tax exempt status.
“We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” Trump said in a post on his social media platform.
This move comes amid Trump administration freezing $2.2 billion in multiyear federal grants over Harvard’s refusal to help stamp out alleged antisemitism and hate in the university campus.