Policy

PRESS RELEASE: Minnesota Council of Nonprofits (MCN) Dismayed Senate Passed Tax Bill

PRESS RELEASE: Minnesota Council of Nonprofits (MCN) Dismayed Senate Passed Tax Bill

“We hope that after careful consideration and detailed study the House will say no to large tax cuts and benefits for the highest incomes and profitable business, at the expense of everyday Minnesotans and their families.” said Rebecca Lucero, Public Policy Director. “MCN opposes this bill as a whole because it fails to champion our values and missions. We will continue to work in partnership with government to cultivate strong, thriving, and joyful communities.”

Tax Reform and the Charitable Tax Deduction?

Tax Reform and the Charitable Tax Deduction?

There is a lot of evidence that shows that the amount people give is directly influenced by the economic incentives created in the tax code. When the value of the incentive is reduced, so are gifts to nonprofit organizations. One of those very much has to do with nonprofits – with the charitable deduction, which this year celebrates 100 years of tax code status.