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Trump Tax Megalaw Upends Charitable Giving

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“Congress just reshuffled the incentives for charitable giving, providing tens of millions of middle-income households with a tax break while shrinking deductions for corporations and higher earners,” the Wall Street Journal reports.

“The shake-up inside the ‘one big, beautiful bill’ that President Trump signed July 4 is expected to alter Americans’ giving patterns when it takes full effect next year, and billions of dollars are riding on taxpayers’ responses to restructured deductions for charitable donations.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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