Trump tax reform saddles churches, nonprofits with 21% penalty on employee benefits

Houses of worship and nonprofit groups are crying foul as they realize that a provision in last year’s tax reform law requires them to pay federal taxes on some employee benefits for the first time, a development that could cost them thousands of dollars.

“Think of it: $13 billion every decade on the backs of churches and nonprofits, hindering their ability to serve their constituents,” said Dan Busby, president of the Evangelical Council for Financial Accountability.

“I’d say the churches have every right to be outraged,” said David L. Thompson, vice president of public policy for the National Council of Nonprofits. “It’s an oxymoron. It’s horrendously unfair.”

The provision was in the legislation that Congress and President Trump signed in December, but for months it flew under the radar while lawmakers wrestled over the main portion of the law: corporate and individual tax cuts.

No comments yet - you can be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.