The Nonprofit Quarterly | @npquarterly | Impacts of the Gang of Six's Budget Recommendations on Nonprofits

The Nonprofit Quarterly | @npquarterly | Impacts of the Gang of Six's Budget Recommendations on Nonprofits: "But what would the Gang's plan mean for nonprofits? Aiming at cutting the debt by $3.7 trillion over the next decade, the Gang proposes two stages of spending cuts. According to Politico, the first stage would be $500 billion in spending cuts from a variety of sources followed by a more comprehensive second stage combining additional 'fast-track' spending and tax changes. Changes in Social Security would apparently constitute something like a third legislative track of sorts. Politico says that the Gang 'punts' the specifics on other future spending cuts within targeted amounts such as $70 billion out of Health, Education, Labor and Pensions, $65 billion out of Homeland Security and Government Affairs, $11 billion out of Agriculture, and $11 billion out of Commerce."