President Donald Trump says Harvard University will be stripped of its tax-exempt status
Former President Donald Trump criticized Harvard University's tax-exempt status during a campaign event in New Hampshire, arguing that the university, which he claims is worth $53 billion, should not receive such benefits while contributing to what he perceives as the "ruin of our country." Trump's comments were part of a broader discussion on tax policies and their impact on education and society. Harvard, known for its significant endowment, has faced scrutiny over its tax-exempt status in the past, with critics questioning the fairness and purpose of such exemptions for wealthy institutions. The debate over the tax treatment of large endowments like Harvard's continues to be a contentious issue in political and educational circles.