He's even allowed to make jokes that are in bad taste. Nobody's trying to pull licenses over, say, the Oscars, or the Super Bowl halftime show, or any of a thousand other things that were in poor taste going back the last several decades.
So either it's in poor taste, in which case, deal with it by growing a thicker skin, or else it's actually against the law, in which case, prosecute it.
But instead, it's intimidation for speech that the administration doesn't like, and I have zero sympathy. We don't have lese majeste laws for the same reason we don't have kings.