Tax Cuts and Jobs Act
Dec 1, 2017
After analysis, the United States Conference of Catholic Bishops (USCCB) has sent out an action alert calling the Senate version of the Tax Cuts and Jobs Act “unacceptable in its current form.” A vote is expected on the bill soon. If it passes, the House and Senate will work to resolve differences between their bills.
The bill is expected to result in an $1.5 trillion deficit over ten years, which will be used as a reason to restrict or end programs that help those in need. The Congressional Budget Office has indicated this will trigger mandatory spending cuts as early as the end of 2018. “Meanwhile, as charitable organizations are being asked to do more for the poor, the lack of an ‘above-the-line’ charitable deduction that can be used by everyone instead of just high-income earners, will result in a more than $13 billion loss to charitable giving,” said the USCCB’s alert.
You are asked to contact our Senators and ask for changes. You may call Senator Grassley's office at (202) 224-3744. Senator Ernst's office phone number is: (202) 224-3254.
Further information can be found at USCCB.org.