House Passes Philanthropy Bill That’s DOA In The Senate

House Passes Philanthropy Bill That’s DOA In The Senate

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The next step would be for the bill to go to the U.S. Senate, but the senate leaders have said it will not take up the bill. Instead, the senate will focus on comprehensive tax reform, according to David L. Thompson, vice president of public policy at the National Council of Nonprofits in Washington, D.C.

Democrats’ objections were two fold, said Thompson. First, they wanted the tax incentives offset with either tax hikes or spending cuts elsewhere. Second, they believe tax reform should be holistic instead of piecemeal.

“No one questioned the language,” said Thompson. “My optimistic view is, there will obviously be give and take on comprehensive reform, but the easiest and most rational thing to do with charitable tax provisions is this language will go in. We’ll have to fight for it, but I’d say this is now the comprehensive tax reform language (for charitable tax incentives).”

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The NonProfit Times

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