IRS, Treasury Propose Cutting Tax-Exempt Status For Schools With Diversity Policies

IRS, Treasury Propose Cutting Tax-Exempt Status For Schools With Diversity Policies Authored by Jack Phillips via The Epoch Times, The Trump administration is proposing a new rule that would strip private colleges and schools of their tax-exempt status if those institutions engaged in racial discrimination through policies such as diversity, equity, and inclusion (DEI). The U.S. Treasury Department and the Internal Revenue Service said on Thursday that a proposed rule would bar a private school from obtaining tax-exempt status under section 501(c)(3) of the U.S. tax code if the school "adopts, maintains,...