As Donald Trump pursues his campaign to make Ivy League schools bend to his will and accept what Harvard’s president said amounted to a federal takeover of the insitutions, his critics say that the Republican Party is leaning fully into hypocrisy.
News broke on Wednesday that the White House plans to escalate its war against America’s most prestigious universities by hitting them where it hurts: their endowments. A report in Semafor revealed that Republicans are looking at ways to tax profits from university endowments while the Internal Revenue Service (IRS) debates stripping Harvard and other universities of their tax-exempt statuses. The Department of Justice formally asked the IRS to revoke Harvard’s tax-exempt status this week, an agency spokesperson confirmed to news outlets on Wednesday.
