President Donald Trump said today (April 21, 2020) that Harvard University must return coronavirus stimulus money he said was intended for small businesses, according to the USA Today website.
"Harvard is going to return the money," the president asserted at his daily press conference today. "They shouldn't have taken it."
"If they won't do that, then we'll do something else," the president said, without elaborating.
Harvard has come under fire for receiving some $9 million in funding from the coronavirus relief package. The school has said the money would be used for helping Harvard students who need financial aid. Trump said Harvard does not need the money, since it has an endowment of about $40 billion. In the past, Trump said he will tax all U.S. universities' endowments, meaning Harvard would pay several million dollars in taxes every year.
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