November 15, 2017 – The U.S. House of Representatives is scheduled to vote THIS WEEK on the Tax Cuts & Jobs Act (H.R. 1). The U.S. Senate Finance Committee is discussing the Senate tax bill this week. These bills differ in important ways – read a side-by-side comparison here - but both hurt nonprofits. Yesterday, the Senate added a provision that would repeal the individual mandate for the Affordable Care Act.
Both bills reduce charitable giving; the House bill politicizes nonprofits; the Senate bill threatens the Affordable Care Act. Both bills will fundamentally change our ability to work with our communities. Congress is acting now – so we have to act now, too. Click here to read more.