ACADEMIA CRACKS: Trump Tweet Prompts Treasury to Review University's Tax-Exempt Policy

Written by NewsMax Politics | Source: NewsMax Politics | July 31, 2020 11:04 PM

Treasury Secretary Steven Mnuchin predicts his agency will investigate the tax-exempt status of universities after President Donald Trump called for a probe earlier in July.

"Secretary Mnuchin expects that Treasury’s Office of Tax Policy will conduct a policy review of the generally applicable regulations and guidance implicated by the President’s comment," Treasury deputy general counsel Brian Callanan told inspectors general for the department, according to The Hill.

On July 10, Trump tweeted a request to the Treasury Department to initiate a probe, saying many colleges "are about Radical Left Indoctrination, not Education."

"Too many Universities and School Systems are about Radical Left Indoctrination, not Education," Trump tweeted on July 10. "Therefore, I am telling the Treasury Department to re-examine their Tax-Exempt Status and/or Funding, which will be taken away if this Propaganda or Act Against Public Policy continues."

Trump's tweet made its way to House Ways and Means Committee Chairman Richard Neal, D-Mass, who found the comment problematic.

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