Trump threatens Harvard's tax-exempt status — again

President Trump on Friday redoubled his threat to revoke Harvard's tax-exempt status. Why it matters: Harvard has been a primary target in Trump's escalating war against colleges and universities that he perceives as biased. "We are going to be taking away Harvard's Tax Exempt Status," he wrote on Truth Social. "It's what they deserve!"Harvard did not immediately respond to Axios' request for comment on Friday morning.Reality check: Most public and private universities and colleges are tax-exempt entities, per the Association of American Universities. The federal government has long recognized higher ed institutions' educational purposes as "fundamental to fostering the productive and civic capacity of its citizens." Public schools are also tax exempt because they are state governmental entities. Catch up quick: Trump last month asked the Internal Revenue Service to rescind Harvard's tax-exempt status.At that point, he said the school should be taxed as a "political entity" for pushing politics and ideology. Zoom out: The Trump administration froze $2.2 billion in federal funds to Harvard after the university declined to comply with a list of demands. Harvard filed a federal lawsuit against the administration, arguing that the Trump admin had violated its constitutional rights. The university's president, Alan Garber, apologized this week after the release of two internal reports on antisemitism and anti-Arab bias. He promised changes to address tensions. Go deeper: Trump's college funding threats can't be offset by their endowmentsEditor's note: This story has been updated with additional context and details

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