President Trump suggested on April 15 that:
Perhaps Harvard should lose its Tax Exempt Status and be Taxed as a Political Entity if it keeps pushing political, ideological, and terrorist inspired/supporting "Sickness?" Remember, Tax Exempt Status is totally contingent on acting in the PUBLIC INTEREST!
The IRS is apparently planning something along those lines, though the details are unclear. But, if Harvard was indeed stripped of its tax exemption because of the "political, ideological, and terrorist inspired" views that it "push[es]," would that be consistent with the First Amendment? (I set aside here the separate question whether there may be federal statutory or administrative law constraints applicable here.)