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Charities complain about ‘giving gap’ since GOP tax law took effect

Charities complain about ‘giving gap’ since GOP tax law took effect
Dec. 31, 2019
CNBC

United Way has seen individual giving decline in six of the last seven quarters, even as economic growth has exceeded two percent. It blames the tax law change for effectively taxing middle income givers on their donations and creating a giving gap between middle class and rich donors.

“It’s not about a small number of wealthy people picking and choosing their favorite charities to give to, it’s really about Americans across the country from all income and different types of backgrounds all giving back to their communities and helping people in need, that’s what charity is about in America,” said Steve Taylor, senior vice president and counsel for United Way.

United Way wants Congress to make charitable donations tax deductible for all. But how big of a role tax reform is playing in giving is still under scrutiny.

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