President Donald Trump announced on Truth Social that his administration will move to revoke Harvard University’s tax-exempt status, declaring, “It’s what they deserve!” While Trump did not elaborate on the reasoning behind the decision, it comes amid ongoing Republican criticism of elite universities over political bias, antisemitism controversies, and use of federal funding.
Harvard, one of the wealthiest academic institutions in the world, benefits from significant tax advantages as a nonprofit entity. The proposed action, if formalized, would likely face legal and political challenges. The university has not yet responded publicly.
