Congress should not pay for tax cuts by taxing charities 

May 20, 2025 - 22:00
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Congress should not pay for tax cuts by taxing charities 
Lawmakers are debating two proposals in the latest reconciliation bill that could dismantle the philanthropic sector, a sharply tiered excise tax on private foundation investment income and a provision allowing the federal government to revoke a nonprofit's tax-exempt status without judicial review.