Local Nonprofit Worries About Tax Bill Impacts

Local Nonprofit Worries About Tax Bill Impacts

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President Donald Trump is praising passage of the Republican tax reform bill, while charities worry how it will impact their bottom lines. The National Council of Nonprofits estimates private giving could decrease up to 5% because the bill doubles the standard deduction and takes away the need to itemize returns. 

Janet Huerta is the Executive Director of Bend-based Saving Grace, which helps victims of domestic abuse and assault. She's concerned it could effect both private and corporate donations. "The problem, of course, is that the tax break for giving just isn’t there. A lot of times, business giving – there’s a philanthropic motive, but there’s also a business motive because you know you’re going to get a break on the taxes. And so, if you take that tax break away, part of the motivation for giving goes away."
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