NPR _ The Trump administration aims to transform elite universities by employing various tactics, with the goal of aligning higher education with its political agenda. Here are some of the ways the administration is going after colleges:
🏫 Over 24 universities are affected by the federal government's
cancellation of $11 billion in research funding. Harvard University has
sued the administration, alleging that the president's actions are
retaliatory and illegal.
🏫 Trump has threatened to revoke Harvard's tax-exempt status, which is traditionally granted to universities for their educational mission. While the IRS can revoke this status, federal law restricts certain executive branch members from using the IRS to target specific taxpayers for political reasons.
🏫 Some elite institutions have accumulated huge endowments. Harvard’s is the largest at about $50 billion. The newly passed massive House bill proposes increasing the endowment tax based on a graduated rate structure, potentially raising taxes to 21% depending on the endowment size per student.
🏫 Trump has threatened to revoke Harvard's tax-exempt status, which is traditionally granted to universities for their educational mission. While the IRS can revoke this status, federal law restricts certain executive branch members from using the IRS to target specific taxpayers for political reasons.
🏫 Some elite institutions have accumulated huge endowments. Harvard’s is the largest at about $50 billion. The newly passed massive House bill proposes increasing the endowment tax based on a graduated rate structure, potentially raising taxes to 21% depending on the endowment size per student.
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