As The Battle With Harvard Intensifies, Religious Colleges Score Major Tax Breaks In Trump’s spending bill
In a move stirring debate in the world of higher education, a recent federal spending bill backed by the Trump administration proposes significant changes to how universities are taxed, dramatically increasing taxes on wealthy universities’ endowments while offering large exemptions for religious colleges. The legislation, introduced amid escalating tensions between the Trump administration and Harvard University, is reshaping the financial landscape for American colleges and universities.
Rising Tensions with Harvard
The Trump administration has intensified its conflict with Harvard University over allegations of divisive policies and perceived bias. As part of this ongoing dispute, the administration froze approximately $2.3 billion in federal grants and contracts to Harvard, inclu...