In less than 48 hours, the Senate will vote on a tax reform bill that would cripple charities’ ability to serve their communities.
As it stands today, the Senate bill delivers tax cuts to corporations by raising taxes on nonprofits and low- and middle-income families. Here are the reasons you should email Senators TODAY and tell them to oppose this bill:
- It increases the burden on vulnerable and middle-class people.
Analyses by the Joint Committee on Taxation and the Congressional Budget Office show that the Senate bill will increase taxes on households earning less than $75,000 in 10 years and jeopardize their healthcare coverage.
- It damages charities’ capacity to serve their communities.
The Senate bill eliminates tax incentives to give to charity for all but a few high-income taxpayers, causing charitable giving to decrease by at least $13 billion, while simultaneously increasing taxes on charities.
- It eliminates hundreds of thousands of jobs.
A recent analysis by George Washington University found that tax reform’s negative impact on giving will result in a loss of at least 220,000 jobs in the charitable community alone.
This fight will come down to just a couple of Senators and the time to take action is now. We remain ready to work with Congress on future legislation to improve our communities and civil society through the tax code, but this bill doesn’t cut it.
Please urge your Senators to vote no.