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Nonprofits Included In COVID-19 Tax Bill

Nonprofits Included In COVID-19 Tax Bill
March 19, 2020
The Nonprofit Times

“The bill looks very good for both nonprofits entities and for the people we serve,” Steve Taylor, senior vice president and counsel for public policy at United Way Worldwide, said in an interview with The NonProfit Times on Monday as the “Families First Coronavirus Response Act” (H.R. 6201) was on its way to the Senate. “There’s been pretty widespread advocacy in the sector because the bill does look good.”

United Way Worldwide signed on to support a request of $60 billion in economic stimulus and COVID-19 relief for the charitable sector. As part of that request, dozens of the nation’s nonprofit leaders also called on Congress to create a universal charitable deduction through 2021.

“Depending on private support, as people stop spending, most discretionary spending anyone has is charitable giving. It’s why for the last week, we’ve been working with a coalition of big nonprofits to put a $60 billion economic stimulus proposal in front of Congress,” United Way Worldwide President and CEO Brian Gallagher said yesterday in an interview with The NonProfit Times. “We’re bigger than finance and construction industries and as big as manufacturing. There’s always the focus on airlines, financial services, we’re saying, ‘What about the nonprofit sector, people who work in that sector?’”