Study: Rep. Camp’s Tax Plan Could Cut Giving by $34-Billion – Philanthropy Today - Blogs - The Chronicle of Philanthropy

Study: Rep. Camp’s Tax Plan Could Cut Giving by $34-Billion – Philanthropy Today - Blogs - The Chronicle of Philanthropy

A new analysis of House Ways and Means Committee Chairman Dave Camp’s
tax-reform proposal predicts it would reduce U.S. charitable giving by 7
percent to 14 percent, The Hill
reports. That could mean up to $34-billion in lost donations, based on
last year’s total giving of $240-billion, according to the study from
the Tax Policy Center and the Urban Institute’s Center on Nonprofits and
Philanthropy.