Tax Foundation Zeroes Out Charitable Deduction and Discovers Positive Impacts

TaxA new analysis by the Tax Foundation of a “blank slate” of tax expenditures—zeroing out the charitable deduction and using the revenues generated for individual income tax rate deductions—shows positives for the U.S. economy in terms of increased jobs and GDP growth. Will nonprofit leadership organizations respond with their own analyses, or hope that the public simply ignores the results of the Tax Foundation’s economic simulation?

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