President Donald Trump said Friday that he will revoke Harvard University’s tax-exempt status, the latest move in the escalating clash between the administration and the Ivy League school. “We are going to be taking away Harvard’s Tax Exempt Status. It’s what they deserve!” Trump wrote in a post on Truth Social. The president had previously suggested the university should lose its tax-exempt status. His latest statement came after Harvard sued the administration over its decision to freeze more than $2 billion in funding to the Ivy League school. The administration claimed the university was refusing to follow the administration’s demands that it take actions aimed at ending antisemitism on campus. “Perhaps Harvard should lose its Tax Exempt Status and be Taxed as a Political Entity if it keeps pushing political, ideological, and terrorist inspired/supporting ‘Sickness?’” Trump threatened in a Truth Social post last month. He added, “Remember, Tax Exempt Status is totally contingent on acting in the PUBLIC INTEREST!” Responding to Trump’s announcement Friday, Harvard spokesperson Jason Newton said that the government has “long exempted universities from taxes in order to support their educational mission” and that there was no legal basis to rescind its status. “The tax exemption means that more of every dollar can go toward scholarships for students, lifesaving and life-enhancing medical research, and technological advancements that drive economic growth,” he said. Newton added that revoking the university’s tax-exempt status “would endanger our ability to carry out our educational mission.” “It would result in diminished financial aid for students, abandonment of critical medical research programs, and lost opportunities for innovation,” he continued. “The unlawful use of this instrument more broadly would have grave consequences for the future of higher education in America.” (YWN World Headquarters – NYC)