A 116-year-old law gifted Harvard and most universities with tax-exempt status. Can Trump actually revoke it?
For more than a century, the majority of colleges and universities have not paid most taxes. The Revenue Act of 1909 excused nonprofits operating “exclusively for religious, charitable, or educational purposes” in order to continue acting in the public interest. President Donald Trump is looking to challenge that designation, complaining that colleges and universities are “indoctrinating” … Read more