Trump’s tax cuts led to a $20B reduction in charitable giving within a year, says economist

Trump’s tax cuts led to a $20B reduction in charitable giving within a year, says economist

Americans give about a half-trillion dollars a year to charity. That money helps fund services for the homeless, fight diseases, run museums and other organizations doing worthwhile activities. Some donations, such as those supporting religious congregations, are expenditures that the U.S. government couldn’t legally make even if it wanted to. Americans give about a half-trillion dollars a year to charity. That money helps fund services for the homeless, fight diseases, run museums and other organizations doing worthwhile activities. Some donations, such as those supporting religious congregations, are expenditures that the U.S. government couldn’t legally make even if it wanted to. Economics & Business Political science Phys.org – latest science and technology news stories

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