U.S. Senate Tax Bill Deals a Devastating Blow to Jewish Organizations

U.S. Senate Tax Bill Deals a Devastating Blow to Jewish Organizations

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Tim Delaney, President and CEO of the National Council of Nonprofits, issued a statement saying:"The House and Senate had the opportunity to create a tax bill that would benefit every American, but every significant choice they made creates more harm than good. Their tax cuts scheme would undermine the ability of charitable nonprofits to serve our communities. Changes to the tax code would drastically reduce charitable giving by as much as $20 billion every year. The bills touted as job creators will put up to 264,000 nonprofit employees out of work. And by reducing revenue by more than a trillion dollars, the bills inevitably will lead to massive spending cuts at all levels of government, growing demand for nonprofit services while at the same time nonprofit budgets are shrinking.”

This blow with be especially devastating to the fast-growing orthodox community who counts on nonprofits for so many things from private Day School education, to synagogues, advocacy groups, chronic illness support groups, volunteer paramedics, and so much more. It is also likely to deal a blow to many households employed by Jewish nonprofits who will are likely to be some of the 264,000 nonprofit workers, finding themselves out of work.

Source Name: 
The Jerusalem Post
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