Special Report: No Tax Reform Bill in 2013

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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.

US Capitol by Kevin Burkett via FlickrGiven that this is the first week of December and that House Republicans plan to leave Washington at the end of next week for the holiday break, the news is not surprising, even while important.

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? 

2 Comments to “Special Report: No Tax Reform Bill in 2013”

  1. Vigilance is absolutely in order. Washington is so hungry for revenue that if it were politically feasible to eliminate tax-deductibility for gifts to 501-c3 nonprofits, they would do it in a, well, Washington Minute.

    • Steve, thank you for your on target, well stated comment. Tax deductions have been proven to be a powerful incentive for charitable giving. A money-grab by Congress will sadly result in a drop in charitable giving. Those who do not join the fight now should not complain later.

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