Bipartisan bills seek to protect Christians and other charitable donors

Identical bills – S.618, sponsored by Sen. James Lankford, R-Okla., and HR1704, sponsored by Rep. Chris Pappas, DN.H. — aim to extend deductions for charitable donations to those who choose not to itemize their deductions.

According to the One Nation Under God Foundation (UNOG), an organization focused on “pastoral and voter education and Christian voter registration and participation”, the 2017 tax cuts crafted under President Donald Trump have had many benefits, but also created difficulties for those who want it. to donate to their church or charity. This new legislation hopes to solve this problem.

“The 2017 The Tax Reform Act allows taxpayers to decide whether or not to itemize tax deductions,” UNOG said. “Those who choose not to itemize receive a standardized deduction. By taking the standardized deduction, taxpayers are then allowed to deduct $600 for charity on a joint return or $300 when filing a single return.”

This raises concerns because those who attend their religious institutions weekly have less incentive to donate. With such a small deduction, the logical conclusion is that people won’t be able to give that much.

The increase in numbers therefore encourages people to give more to their respective communities. In effect, the previous restriction of $600 or $300 would be lifted and significantly increased. The worry of reaching that dreaded number would disappear, and UNOG hopes that by doing so, private donations will increase and lead to helping those in need.

Specifically, UNOG is concerned about middle class and small business taxpayers who decide to use the standard deduction route.

UNOG strongly opposes the current state of affairs and would like the joint declaration of standardized deductions to be increased to $7,500 and the single declaration to $5,000.

Paul Caprio, executive director of UNOG, told Newsmax that his organization’s purpose is “to encourage believers to give to the church and to those in need.”

These two proposals would do just that.

Introduced in March 2021, identical bills in the House and Senate would amend the Internal Revenue Code of 1986.

The revised language in the code would read: “[T]The deduction under this paragraph for the taxation year is equal to that part of the deduction determined under this section (without regard to this paragraph) for the taxation year that does not exceed an amount equal one-third of the amount of the standard deduction in respect of that individual for that taxation year. »

The bill, if passed, would affect tax years after December 31, 2020.

Tax reform will continue to be a major issue, with both sides at odds over the right steps needed to move forward. In all likelihood, this Congress might not act on either bill.

But the midterm elections are less than four months away. With the power of the wallet sure to play a crucial role in these elections, tax reform might as well be imminent.

Newsmax intern Micah Hart is studying politics and journalism at Hillsdale College in Michigan.

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