Winners and losers in the Republican tax bill

Winners and losers in the Republican tax bill

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The bill maintains the deduction for charitable contributions. However, the number of people who would claim the deduction would be reduced, since the measure also nearly doubles the standard deduction.

Many nonprofits also oppose scaling back the Johnson Amendment, arguing that doing so would politicize charitable organizations.

“The tax reform bill unveiled today by the House Ways and Means Committee would tragically undermine the ability of certain charitable nonprofits to serve our country’s people and communities,” said Tim Delaney, president and CEO of the National Council of Nonprofits.

Source Name: 
The Hill

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