“We are going to be taking away Harvard’s tax-exempt status. It’s what they deserve!”

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Source: Somoy News | 2nd May 2025 | Pic: Collected

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In a fiery new attack on elite universities, Donald Trump declared Friday that Harvard University would lose its tax-exempt status under his plan.

“It’s what they deserve!” he wrote on social media, sparking debate across the political and educational spectrum.

Though Trump gave no specific timeline, his statement adds fuel to his campaign rhetoric calling for a crackdown on “woke” academic institutions. The IRS has not issued any response yet, and Harvard officials have also declined to comment.

Whether Trump’s threat carries legal weight remains to be seen—but it has certainly reignited controversy over how elite schools are treated under U.S. tax law.