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September 27, 2017
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Giving Could Plunge $13 Billion Under Tax Plan, Nonprofit Leader Says


Senate Finance Committee chairman Orrin Hatch unveiled a new tax framework at the Capitol on Wednesday. Republicans want to cut the number of income tax brackets from seven to three, and eliminate the estate tax. Bill Clark/CQ Roll Call/Getty Images

Republican leaders would preserve the charitable deduction under a new tax proposal made public Wednesday, a key battle line for nonprofit leaders racing to ensure giving incentives remain intact as lawmakers try to rework the tax code.

However, the...

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