POLICY ALERT: Speak up about Senate Tax Reform Bill
As it stands today, the Senate bill delivers tax cuts to corporations by raising taxes on nonprofits and low- and middle-income families. Here are the reasons you should contact Senators TODAY by phone and Twitter to tell them to oppose this bill:
1. It increases the burden on vulnerable and middle-class people.
Analyses by the Joint Committee on Taxation and the Congressional Budget Office show that the Senate bill will increase taxes on households earning less than $75,000 in 10 years and jeopardize their health care coverage.
2. It damages charities’ capacity to serve their communities.
The Senate bill eliminates tax incentives to give to charity for all but a few high-income taxpayers, which will cause charitable giving to decrease by at least $13 billion, while simultaneously increasing taxes on charities.
3. It eliminates hundreds of thousands of jobs.
A recent analysis by George Washington University found that this tax reform’s negative impact on giving will result in a loss of at least 220,000 jobs in the charitable community alone.
This fight will come down to just a couple of senators, and the time to take action is now. We remain ready to work with Congress on future legislation to improve our communities and civil society through the tax code, but this bill doesn’t cut it.
To delve deeper into the issues, read GCN’s ADVOCACY BRIEF: Tax reform and the nonprofit sector to look at the House tax reform plan (HR 1) and the Senate tax reform plan in terms of issues affecting the nonprofit sector, with the positions we’re advocating for the good of our work and the communities they benefit.
Contact your senators this morning by phone AND on Twitter, and urge them to vote NO on this bill.
Sen. David Perdue
@SenDavidPerdue on Twitter
Sen. Johnny Isakson
@SenatorIsakson on Twitter
WHAT TO SAY: When you call, be sure to share your name and where you live, and tell them you would like the Senator to vote NO on the tax bill for the above reasons. You can also use this message:
“I am asking the Senator to vote NO on this bill, which will not just raise taxes on the vulnerable and the middle-class, but the charitable sector that’s devoted to help them. By eliminating deductions for much charitable giving, it will also reduce charitable donations by at least $13 billion yearly, causing 220,000 sector employees to lose their jobs.”
WHAT TO TWEET: On Twitter, be sure to use a period (.) at the beginning of your tweet before tagging senators, so that everyone you follow will see your message, and send a tweet to each senator separately. Here’s a sample:
[email protected] Under the #TaxReform bill, nonprofits stand to lose $13 billion per year in charitable contributions, eliminating 220,000 jobs. Add a #UniversalDeduction to promote charitable giving, or vote NO. http://tinyurl.com/ydgqp5zw
Thank you for using your voice to help us meet these rising challenges to our sector and communities, and, as always, for your important work, unwavering commitment, and incredible strength.
President and CEO
Georgia Center for Nonprofits