Lobbying bonanza begins over Trump tax plan

Lobbying bonanza begins over Trump tax plan

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Republicans lawmakers and Trump’s advisers have said that the deduction for charitable donations will be preserved, but the not-for-profit sector is still nervous. A more generous standard deduction and reduced overall rates would also reduce the value of deductions for charity. “We’re very concerned,” said David Thompson, a vice president at the National Council of Nonprofits. “Take away the positive tax consequences, and giving is likely to go down.”

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The Washington Post
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