Trump tax plan leads to $54 billion decline in charitable giving
As the president works to limit access to welfare programs in the United States by creating strict work requirements, lowering the poverty thresholding and purging food stamp rolls, Americans living below the poverty line may also find it harder to depend on private charity for help.
US President Donald Trump kisses a sample of the proposed new tax form as he meets with House Republican leaders and Republican members of the House Ways and Means Committee at the White House in Washington, DC.The president's tax bill doubled the standard deduction, which gives tax-payers less incentive to itemize deductions like charitable donations.
This represents the first drop in individual giving since 2013. In 2017, giving increased by 5.7 percent.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
If Donald Trump doesn't want a war with Iran, his biggest problem may be his own staff, experts sayCan Iran deal be saved? If Donald Trump doesn't want a war with Iran, his own staff may be his biggest problem, experts say
Read more »
Donald Trump Slams “Failed” Fox News: “They Forgot The People Who Got Them There!”Donald Trump decided to throw an early evening Twitter tantrum on Sunday, lumping in Fox News with news outlets he regularly complains about including CNN, NBC, MSNBC and the New York Times. In a t…
Read more »
Trump Rips Fox News: 'They Forgot the People Who Got Them There'The series of tweets comes hours after the cable news network aired live video of a group of bar patrons shouting, 'F*** Trump!'
Read more »
Trump says UK ambassador 'has not served the UK well' after leaked cables call President 'inept'President Trump says the UK's ambassador to the US 'has not served the UK well,' after the ambassador called Trump 'inept', 'insecure' and 'incompetent' in leaked diplomatic cables.
Read more »
Trump: 'I want the press to go in and see' migrant detention centersPresident Trump says he wants members of the press to 'go in and see' migrant detention centers.
Read more »