Posted on 05/02/2025 10:29:01 AM PDT by Navy Patriot
President Donald Trump, early Friday, declared his administration will be taking away Harvard's tax-exempt status, a move that would spike the Ivy League's tax burden substantially, according to experts.
"We are going to be taking away Harvard's Tax Exempt Status," Trump said on Truth Social. "It's what they deserve!"
Last month, Trump said that the school should "perhaps" lose the tax exemption and accused the university of acting as a "political entity."
Harvard's endowment, at roughly $52 billion, is reportedly the largest at any U.S. university, reports MassLive on Thursday.
House Republicans have also proposed raising the tax rate for endowment profits at certain universities, such as Harvard, from 1.4% to 21%. Under that proposal, the Massachusetts university could face annual taxes of more than $500 million.
(Excerpt) Read more at newsmax.com ...
This is huge! That place churns out more Marxists then Karl.
Yamamoto went there.
They can afford it. They could even pick up the funding for PBS if they wanted to. It wouldn’t even be a drop in their $Billion Dollar endowment!
For 50+ years, Leftists in DC used Civil Rights Title VI and 1972 education bill Title IX sections to gather leftist political power under the DOJ and Dept of Education
It has since been an endless progression of woke social-engineering - to the point of absurdity. The most recent was Biden Admin’s using Title IX to declare that universities must make equal accommodations for trannies in all things.
Its a fantastic and juicy irony that Trump is now taking all that collected leftist power, turning it on its head, and using it against the top woke/leftist institutions.
Fascinating. I did not know that.
Why does Harvard or any other college get tax exempt status? They are a business like any other business. The left is quick to talk about the evils of big oil but what about big education. Millions of families have massive amounts of debt because of these “institutions of higher learning”. Just like the politicians that support them, they’re run by a bunch of grifters.
They screech about the wealthy paying their fair share…this is their golden opportunity!
(”We are going to be taking away Harvard’s Tax Exempt Status,” Trump said on Truth Social. “It’s what they deserve!”)
GOOD!!!
Well then, he should have known better.
Thanks, Jack, that is a Classic!
Going to Walgreens to fill your prescription for Amoxicillin made in China in 2,000 pound totes, shipped to Mumbai India for pill pressing and packaging, shipped to contract American distributors, shipped to Walgreens warehouses, shipped to the local Walgreens pharmacy, to be handed over the counter for your payment, is absurd.
Bureaucrats call that absurdity a "Supply Chain". I call it unnecessary, damaging to the world, and stupid.
Woo hoo! And the next hundred days is off and running!
He did. He was an opponent to attacking the US. He knew what would happen.
Border, trade, gender, climate, PBS, waste.....
Now, please: TORT REFORM
not far enough, all of them should not have tax exempt status.
at lease starts with the ivy leagues.
Tort reform would be the ultimate game changer. Direct winners would be doctors, the medical industry, and businesses in general that have been the victims of the damages lottery. Would enable lower prices to the public and likely more doctor availability.
Ultimate losers- lawyers and the Democrats they support.
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