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Urgent Action - Senate Tax Reform Bill Restricts Charitable Giving

Posted on: Nov 14, 2017

We need you to take advocacy action early this week on the federal tax reform bill to prevent Congress from harming the financial health of charities in your state and across the country. Our best chance of protecting charities is this week. Take two minutes now to send a customizable email and/or tweet to both your U.S. Senator and U.S. Representative at this key point in the legislative process to support charitable giving.  Because time is of the essence, please also consider making a phone call directly to your Senator’s D.C. legislative office (see list here). Constituents like you play an important role in their decisions. Make your voice heard!

Today's Senate Action

Congress is rushing to pass a far-reaching federal tax reform bill through the House and Senate that would have a very negative impact on charitable giving. Last week, the House Ways and Means Committee passed a bill that only retains the charitable tax deduction incentive for the wealthiest 5% of taxpayers. Today, Senate Finance Committee Chairman Orrin Hatch (R-UT) unveiled the Senate version of the tax reform bill that includes the same restrictions on the charitable tax deduction to only the wealthiest 5% of taxpayers. 

 

What’s at Stake:

The just-released U.S. Senate tax reform proposal would result in charitable giving seeing a staggering loss of at least $13.1 billion in contributions annually.  That’s “billion” with a “b”!
 
In fact, Congress’ own Joint Committee on Taxation projects that the House and Senate’s newly envisioned tax structure would dramatically reduce charitable gifts that taxpayers deduct from their tax return by nearly $100 billion.
 
Call on Congress now to ask for support of a Universal Charitable Tax Deduction so that 100% of all taxpayers (not just the wealthiest 5%) will have a tax incentive to give generously to charities. Ask your Senator to support the Stabenow-Wyden Amendment for a universal charitable deduction offered by Senators Debbie Stabenow (D-MI) and Ron Wyden (D-OR). In the House, ask your Representative to support the Universal Charitable Giving Act offered by Rep. Mark Walker (R-NC).
 
The U.S. tax code has encouraged charitable giving for over 100 years, benefiting millions of Americans who access services provided by nonprofit organizations. Help #ProtectGiving.  Charities are the bedrock of our society, dedicated to advancing the public good.