As nonprofits, we want to ensure that, like the budget, our tax code makes strong investments in our communities.
To build a prosperous future, we need a tax code the strengthens essential programs, values the partnership between nonprofits and government, and helps nonprofits to achieve their missions through the promise of non partisanship.
While there are many areas of concerns, especially around plans to cut into social security, Medicare, Medicaid, food stamps, and other key programs essential to our communities, below is a summary of the specific impact to 501(c)(3)s.
Minnesota’s nonprofit community, a sector that employs nearly 12 percent of Minnesota’s workforce and partners with millions, is aligned in its opposition to the harmful and unprecedented federal tax bill. The Minnesota Council of Nonprofits (MCN), representing over 2,000 nonprofits, is categorically opposed to this 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.”