+“This package looks familiar because it delivers bipartisan relief from some of the Affordable Care Act’s most egregious taxes,” Brady told reporters. He called the new package “95 percent bipartisan."
+It’s not all good news.
+But the move didn't satisfy a major nonprofit association, which said repealing the tax is "the only reasonable response."
+David L. Thompson, Vice President of Public Policy of the National Council of Nonprofits, was critical of the IRS’s notice and said that it demonstrates that the tax on nonprofits’ expenses for transportation benefits needs to be repealed.
+Nonprofits were not overly impressed with the new guidance and are hoping for a full repeal of the provision in the Tax Cuts and Jobs Act.
+"We're encouraged by the bipartisan recognition of the damage that a new 21 percent tax would have on nonprofits' ability to serve their communities," said David Thompson, vice president of public policy at the National Council of Nonprofits.
+While Brady's bill may not ultimately become law, there has been bipartisan criticism of the tax on nonprofits' expenses for transportation benefits.
+Sheila Bravo, president and chief executive officer of the Delaware Alliance for Nonprofit Advancement, said it may take her organization two or three years until it can get a sense of the implications from tax law changes.
+The Nonprofit Coordinating Committee of New York is urging action on an outstanding bill that would prevent a tax on commuter benefits. Changes to the federal tax code left nonprofits vulnerable to the Unrelated Business Income Tax, but the state...
+Washington, DC – In response to a letter sent by Senators Chris Coons (D-DE) and James Lankford (R-OK) to Treasury Secretary Mnuchin, calling for a delay in the implementation of two...
