Harvard Sees ‘Grave Consequences’ as Trump Pushes IRS Action (2)

Harvard University pushed back against the US government after President Donald Trump said the school should lose its tax-exempt status, warning that such a move would endanger its ability to carry out its mission and threaten higher education in America.

“There is no legal basis to rescind Harvard’s tax-exempt status,” university spokesman Jason Newton said in a statement, adding that such a move would damage Harvard’s medical research efforts and ability to offer financial aid for students. He also cautioned that using this “instrument” would have “grave consequences for the future of higher education in America.”