What to know The Trump administration proposed revoking tax-exempt status for private schools considering race, following a 2023 Supreme Court ruling against race-conscious admissions. The IRS and Treasury's proposal targets schools discriminating based on race, color or origin. Treasury Secretary Scott Bessent emphasized eliminating racial discrimination in education. The rule, affecting up to 18,000 schools, could take effect in May. Summary is AI-generated, newsroom-reviewed. |