New Trump administration rules could revoke tax-exempt statuses from schools that aid minority students despite the IRS CEO saying would not happen. Representative Lloyd Doggett of Texas joins The Weekend to discuss. #IRS #GOP #Midterms
The U.S. Treasury and IRS have proposed regulations to revoke tax-exempt status from private schools engaging in racial discrimination, aligning with President Trump's executive orders.
The U.S. Treasury and IRS have proposed regulations to revoke tax-exempt status from private schools engaging in racial discrimination, aligning with President Trump’s executive orders. PULSE POINTS WHAT HAPPENED: The Trump administration is moving to strip federal tax -exempt status from private schools that use race, color, or national or ethnic origin as a factor in admissions, scholarships, educational programs, or other school activities. The U.S. Treasury Department and Internal Revenue Service (IRS) proposed regulations Thursday that would make compliance with federal nondiscrimination requirements a condition of maintaining tax-exempt status under Section 501(c)(3). DETAIL: Treasury and the IRS estimate the proposal could…Open
The Trump administration is hitting private schools where it hurts the most: their tax-exempt status. A new rule proposed by the Internal Revenue Service (IRS) on Thursday would strip private schools at all levels of education of tax-exempt status for using racial preference policies like diversity, equity, and inclusion (DEI). The Treasury Department estimates that […]
The Treasury also eliminated IRS provisions that permitted schools to discriminate in admissions, scholarships, and financial aid, but permits such institutions to offer support for by other criteria.
The Treasury Department and IRS proposal would apply to private schools and colleges.
The Treasury Department and IRS are readying plans to revoke the tax-exempt status of schools that engage in race-based or discriminatory practices under the guise […] Source
EXCLUSIVE: Trump Admin To Revoke Tax Exempt Status For Racially Discriminatory Schools
A new government report shows that IRS audits brought in $6.5 billion in the fiscal year 2025, which is down 35% from the year before when the IRS brought in $10 billion. The drop comes after DOGE made cuts to the IRS. Katy Tur has more details.
A federal agency is stripping away 99% of the appraised value on a legal tax deduction Congress created 60 years ago, using desk reviews and non-experts against landowners who spent seven figures documenting their claims.