The administration’s initial letter warned that $9 billion in grants and contracts would be reviewed. After some back-and-forth between the two sides, federal agencies announced April 14 that a quarter of that amount is now frozen due to the university’s inaction on the ultimatum. Harvard President Alan Garber announced on April 14 that he would not surrender his school’s “independence or relinquish its constitutional rights.” President Donald Trump posted on April 15 on Truth Social that perhaps Harvard should “be Taxed as a Political Entity if it keeps pushing political, ideological, and terrorist inspired/supporting ‘Sickness?’” “Remember, Tax Exempt status is totally contingent on acting in the PUBLIC INTEREST!” In response to reports that the Internal Revenue Service (IRS) is looking to rescind Harvard’s tax-exempt status, White House deputy press secretary Harrison Fields told The Epoch Times that “investigations into any institution’s violations of its tax status were initiated prior to” Trump’s social media post. He added that any IRS probe will be conducted independently of the president.But it would be nice to know what they've been wasting it on...
Saturday, April 19, 2025
Tax Time
No more free ride for them:
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