Trump Tax Plan Could Negatively Impact Giving

Alex Brill, Aparna Mathur, and Cody Kallen | RealClearMarkets

President Trump’s proposal to cap itemized deductions would cause a drop in charitable giving. For those giving above the cap, the net cost would jump from $0.60 per $1 of giving to an unsubsidized $1 per $1 of giving. Because a 1% increase in the price yields a 1% drop in giving, $17.6 billion in annual giving could evaporate.

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