Daily Tax Report ®

Trump Says U.S. Will Review Universities’ Tax-Exempt Status (2)

July 10, 2020, 5:23 PM

President Donald Trump ordered the Treasury Department on Friday to review the tax-exempt status of colleges and universities, following his threats to cut federal funding to schools that do not reopen due to the coronavirus pandemic.

The president’s attack on institutions of higher education comes as they’re struggling with how to handle the upcoming fall semester due to the virus, which has dealt a financial blow to many.

In a pair of tweets, Trump accused institutions of higher education of focusing on “Radical Left Indoctrination” rather than educating their students.

“I am telling the Treasury Department to re-examine their Tax-Exempt...

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