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GOP Hammers Charitable Giving
This just in from Americans for the Arts… What’s Happening with Tax Reform Today, the U.S. House voted along party-lines to pass their tax reform bill (H.R. 1) by a vote of 227-205. The bill contains a number of provisions harmful to charitable organizations and the arts: Overwhelming majority of taxpayers would no longer have access to make tax-deductible charitable contributions. That charitable tax deduction would be limited to the wealthiest 5% of taxpayers. Entertainment, amusement, recreation and membership dues expenses related to a business purpose or meeting would be repealed.Read More