WASHINGTON, Sept. 1 -- The U.S. Department of the Treasury issued the following news release:
The Department of the Treasury and the Internal Revenue Service (IRS) have issued proposed regulations to end federal tax-exempt status for private schools that engage in racial discrimination, delivering on President Trump's Executive Orders ending discrimination and restoring merit-based opportunity.
"Under President Trump, this Administration is standing up for America's students by ensuring racial discrimination has no place in American education," said Treasury Secretary Scott Bessent. "Schools rebranding race-based preferences as equitable, inclusive, or diversity-enhancing does not change their discriminatory nature. Today's Treasury and I...