Harvard University, the oldest and richest in the U.S., faces potential threats from the federal government after it rebuffed President Trump's administration. He has threatened to impose a tax on Harvard as a 'political entity' and froze $2.2 billion in federal funding following the university's refusal to comply with demands. If Harvard loses its tax-exempt status, it may be liable for nearly $500 million, particularly in property taxes, raising concerns about the university's financial stability amid Trump's insistence that it deserves such a penalty despite no evidence of IRS violations.
"Perhaps Harvard should lose its Tax Exempt Status and be Taxed as a Political Entity if it keeps pushing political, ideological agendas that align with partisan interests."
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