LGBTQ nonprofits fear 'disastrous' losses under new tax plan

LGBTQ nonprofits fear 'disastrous' losses under new tax plan

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Tim Delaney, CEO of the National Council of Nonprofits, characterized several aspects of the plan as “disastrous” for the sector as a whole and cited estimates from the Tax Policy Center that the plan could result in $13 billion in lost revenue for nonprofits and more than 220,000 lost jobs.

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“Repeal of the individual mandate impacts us both as employers and deliverers of service,” Delaney said of nonprofits. “[The CBO] is projecting that insurance premiums are going to skyrocket toward the end of 2018, and that's going to have humongous implications for nonprofits as employers. Are we going to be able to hire if the premiums skyrocket?”

On the service delivery side, Delaney speculated that a loss of health insurance will mean more people will find themselves in need and turn to nonprofits for help.

Source Name: 
NBCNews
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