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A tax reform bill will not be introduced in the US Congress before the close of 2013, House Ways and Means Chairman Dave Camp (R-MI) indicated to The Hill.
As soon as one month from now, the House could resume wrangling over a possible tax reform bill, according to Jason Lee, General Counsel for the Association of Fundraising Professionals. However, while the issue will be on the table in 2014, it will be a major challenge for Congress to move something as significant as a tax reform bill with the mid-term elections looming in November.
On the other hand, Congress is unpredictable. Anything can happen on any given day. In addition, any tax reform bill will have many implications for our sector. Therefore, the nonprofit sector must remain vigilant.
That’s what Michael Rosen says… What do you say?