Friday, November 30, 2018

Brady proposing to kill new tax on churches, colleges, other nonprofits

From Politico-

House Republicans are proposing to rescind a new tax they imposed on churches and other nonprofits.

Ways and Means Chairman Kevin Brady (R-Texas) has introduced an amendment to a pending tax bill that would eliminate a new tax on certain fringe benefits provided to employees of nonprofits.

“We are proactively eliminating any potential uncertainty for our churches and community organizations so nothing distracts them from their core mission,” said Brady.

The levy, created as part of last year’s tax overhaul has outraged religious groups, who complain it will force them to pay taxes for the first time. Killing the tax would cost $1.8 billion, according to Congress’ nonpartisan budget scorekeepers.

Republicans want to delete the charge as part of a year-end tax bill they hope to get to President Donald Trump’s desk before Congress quits for the year.

More here-

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