Trump and House tax plans have one thing in common: They likely hit nonprofits hard
Printer-friendly version
"Both would be a sizable hit for not only the nonprofits but also the people that they're serving," said Tim Delaney, CEO of The National Council of Nonprofits. Delaney applauded the idea of simplifying the tax code but said it's vital for Americans to see the fine print first. "The devil is always in the details."
...
"The standard deduction increase will be a disguised assault on charitable giving in the name of tax simplification," Delaney said. "Charitable and philanthropic communities are instead coming together for a universal deduction for giving."
Source Name:
CNBC
