New Facts: Trump Administration Proposes IRS Rule Changes
The Treasury Department and IRS proposed regulations that would let the government deny or revoke the federal tax-exempt status of private schools, colleges, and universities that use race-based policies. The draft targets practices such as race-based admissions, scholarships, athletics, or other programs, including targeted aid restricted to Black or other minority students.
The proposal would add a new test for whether an educational institution can qualify as a tax-exempt nonprofit. If finalized, it could put tax benefits at risk for thousands of schools that maintain race-based preferences in admissions, financial aid, athletics, or other programs.
Synthesized from 12 sources
The Daily SignalNew York Timesmatzav.comWall Street Journalwww.theepochtimes.comThe New RepublicThe Harvard CrimsonHotAirBloomberg Businessnews.bloomberglaw.commintThe Daily Caller
AI-synthesized from multiple reported sources
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