What the Tax Law Means for the Future of Nonprofits

Nonprofits have widely criticized the tax law passed by Congress in 2017, which many say has discouraged charitable giving and financially burdened organizations. And the law’s provisions mean the federal government could continue to be less favorable to nonprofits by overlooking the sector while creating tax policy, said panelists at a conference on Tuesday.

“This is an example of a case where the nonprofit sector, really for the first time, is being touched by changes to the tax code that are unfavorable to it,” said Joseph Cordes, a professor at George Washington University, at the conference jointly held by the Urban-Brookings Tax Policy Center and the American Tax Policy Institute.

Click here for rest of article...