TAXING TALK
GOP tax bill includes controversial legislation targeting nonprofits’ tax-exempt status
Originally having bipartisan support as an effort to stifle terror fundraising, the legislation is now facing Democratic pushback for fear of weaponization
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The U.S. Capitol is seen on June 13, 2024 in Washington, DC.
A sweeping federal tax bill unveiled on Monday as part of Republicans’ budget reconciliation plan includes a provision that would expand the executive branch’s ability to revoke tax exemptions from nonprofits accused of supporting terrorism, a push that was...