+Washington, DC - Tim Delaney, President and CEO of the National Council of Nonprofits, which advocates on behalf the work of charitable nonprofits nationwide, released the following statement on the passage of the Tax Cuts & Jobs Act in the...
+One of the main criticisms surrounding the bill is how it will hit homeowners. If you own property and have mortgage obligations, you are currently only allowed to deduct interests on the first $1 million in home loans.
+A website post at the National Council of Nonprofits concurred, saying, “Representative...
+Now, according to the National Council of Nonprofits, the House GOP's proposed tax plan would discourage people from giving.
+The Council on Foundations and the National Council of Nonprofits stand united in opposing H.R.
+Both the U.S. House and Senate are proposing tax overhauls, and both plans include the doubling of the standard deduction – but there is a tradeoff.
+Individuals can also choose to itemize their deductions, such as donations to nonprofits. But since the tax bill doubles the standard deduction, it is unlikely the total amount will result in less income tax than the standard.
+"Many of these groups that were hard-hit that didn’t receive funding — many of them still haven’t received funding,” said Anita Banerji, director of public policy for Forefront, a statewide membership association for nonprofits and foundations....
+Watch this story at http://denver.cbslocal.com/video/category/spoken-word-kcnctv/3760149-pro...
+But Rick Cohen, spokesman for the National Council of Nonprofits, which represents charities, said Republican claims that the bill left the charitable deduction unchanged were misleading, given the obvious knock-on effects of other reforms around...
