Nonprofits Fear House Republican Tax Bill Would Hurt Charitable Giving
Even though Republicans promise to preserve the deduction for charitable donations, nonprofits say other proposed changes in the bill could discourage as much as $13 billion in annual giving.
House Republicans say the tax bill they introduced Thursday will grow the economy, create jobs and simplify tax returns, in part by eliminating tax deductions.
"Over 90 percent of Americans will be able to fill out their taxes on a postcard. That's what simplicity means," House Majority Whip Steve Scalise said.
But charities and nonprofit groups say that
