Bessent Says Trump Administration Moving Forward on Harvard Tax Threat

Treasury Secretary Scott Bessent said President Donald Trump is “moving forward” with efforts to revoke Harvard University’s tax-exempt status, ratcheting up the government’s high-profile clash with one of the nation’s wealthiest and most prestigious schools.

Harvard may not be complying with some of the rules that govern institutions with the federal tax benefit, Bessent told Bloomberg Television’s David Westin on Friday. “We will see if they are following the rules,” he said. “It looks like there is a substantial number where perhaps they weren’t.”