In bid to reopen U.S. schools, Trump threatens their tax-exempt status

Reuters

Published Jul 10, 2020 12:09PM ET

Updated Jul 10, 2020 01:05PM ET

By Susan Heavey

WASHINGTON (Reuters) - President Donald Trump, seeking to force school districts and universities to reopen despite the coronavirus, on Friday said the U.S. Treasury Department would re-examine their tax-exempt status and funding.

Trump already has threatened to cut their federal funding and sought to eject university students from abroad.

"Too many Universities and School Systems are about Radical Left Indoctrination, not Education," the Republican Trump wrote in a tweet on Friday likely to sit well with his conservative base.

He accuses Democrats of exploiting the pandemic for political purposes by refusing to reopen schools and businesses, even as health experts caution against the perils of easing restrictions too quickly.

"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. Our children must be Educated, not Indoctrinated!"

Trump's administration is pushing schools to relaunch in-person classes even as cases of the novel coronavirus surge in some of the country's most populous areas, prompting some to roll back their plans to relax restrictions.

School administrators are weighing the risk to opening up their buildings to primary and secondary students and staff as U.S. cases have topped 3 million this week. Some universities have announced online-only instruction plans, while others weigh options such as school calendar changes.

Trump this week threatened to cut off federal funds for schools that do not open their doors.

On Monday the U.S. Immigration and Customs Enforcement agency said international students must leave the country if their schools only offered online classes this autumn, prompting lawsuits.

Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes