President Trump has directed the Department of Treasury to review the tax-exempt statuses of colleges and universities who he says have become nothing but tools for liberal indoctrination.
Trump also called for their federal funding to be taken away.
According to Fox Business:
President Trump on Friday said he would direct the Treasury Department to review the tax-exempt statuses of some universities and threatened to revoke federal funding for the schools.
… and/or Funding, which will be taken away if this Propaganda or Act Against Public Policy continues. Our children must be Educated, not Indoctrinated!
— Donald J. Trump (@realDonaldTrump) July 10, 2020
Most public and private universities and colleges in the U.S. are not required to pay the federal corporate income tax because they’re classified as 501(c)(3) organizations. Generally, the schools are also free from the state corporate income tax, as well as state and local property taxes, according to a 2013 paper published by Henry Hansmann, a professor at Yale University’s law school.
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Trump has unleashed a torrent of attacks against the nation’s universities and schools in recent days. During his Fourth of July speech at the Mount Rushmore National Memorial in South Dakota, Trump railed against schools that are teaching kids to “hate our country” by teaching them “far-left fascism that demands absolute allegiance.”
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It’s not the first time that Trump has gone after universities for the taxes they pay: The massive $1.5 trillion tax overhaul that he signed into law three years ago was funded in part by imposing a new levy on college endowments. The provision affected about 30 wealthy schools, including Stanford and Harvard.
President Trump has stated that children are taught to hate their country in school and that goes against every law of nature.
