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Sen. Chuck Schumer (D-N.Y.) expressed his disapproval of the Trump administration’s proposed rules that would revoke tax-exempt status from “discriminatory” private schools.<\/p>\n
Schumer accused President Donald Trump of leading an “assault on American education,” which he claims is “defunding it, radicalizing its agenda, and dismantling it.”<\/p>\n
He further urged Trump to focus on building up schools rather than attacking them.<\/p>\n
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The Senator pledged that he and his fellow Democrats in the Senate will continue to fight for every child’s access to a good education.<\/p>\n
Rather than making life affordable for American families, Trump has led a full-fledged assault on American education: defunding it, radicalizing its agenda, and dismantling it<\/p>\n
Instead of attacking our schools he should be building them up, creating a better education for our\u2026 https:\/\/t.co\/o60foejn7a<\/a><\/p>\n \u2014 Chuck Schumer (@SenSchumer) September 3, 2026<\/a><\/p>\n Treasury Targets Race-Based Bias in Schools<\/p>\n Schumer’s criticism came as the Treasury and IRS, on Thursday, proposed rules to strip tax-exempt status from private schools that discriminate based on race, color or national origin. The proposal, which Treasury and the IRS say implements President Trump’s executive orders, would cover admissions, scholarships, athletics and other programs at as many as 18,000 institutions.<\/p>\n Trending: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time<\/a><\/p>\n Schools could still use race-neutral criteria, such as family income, geographic location, first-generation status, individual hardship, military family status, or academic achievement to support disadvantaged students, with rules taking effect in 2027.<\/p>\n “Schools rebranding race-based preferences as equitable, inclusive, or diversity-enhancing does not change their discriminatory nature,” said the Treasury.<\/p>\n Trump Reshapes Federal Education Role<\/p>\n In March 2025, Trump ordered steps to dismantle the U.S. Department of Education and return education authority to the states, but fully abolishing the department still requires congressional approval.<\/p>\n In June this year, the administration is further shrinking the Education Department by shifting civil rights enforcement and student privacy functions to the Justice Department and special education oversight to Health and Human Services. Officials say the changes will reduce bureaucracy, while critics fear fragmented oversight could weaken student protections, particularly for children with disabilities.<\/p>\n Photo courtesy: Shutterstock<\/p>\n Read Next:\u00a0<\/p>\n Building Wealth Across More Than Just the Market<\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.<\/p>\n Arrived<\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.<\/p>\n Qnetic<\/p>\n As electricity demand rises alongside AI, data centers, and renewable energy, long-duration energy storage is becoming increasingly important. Qnetic is developing a kinetic energy storage system designed to provide long-lasting, chemical-free electricity storage<\/a>, <\/a>offering investors exposure to the infrastructure supporting a more resilient and reliable power grid.<\/p>\n EquityMultiple\u00a0<\/p>\n For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000<\/a>,<\/a> with only ~5% of opportunities passing their due diligence process.\u00a0<\/p>\n FarmTogether<\/p>\n Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000<\/a> \u2014 fully managed, with no landlord headaches.<\/p>\n Fundrise<\/p>\n