WebDec 15, 2024 · Everything you need to know about the GOP’s final tax plan in 3 charts. Rarely, maybe once or twice in most presidencies, do bills like this come along: one that … WebThe following article by Jack Jenkins was posted on the ThinkProgress website November 28, 2024: For years, a group of largely evangelical Christian conservatives have pushed the White House and Congress to abolish the so-called Johnson Amendment, a provision of the IRS tax code created in 1954 that bars non-profits…
GOP Tax Plan Kills Johnson Amendment For Synagogues - The …
WebApr 7, 2024 · Famed economist Arthur Laffer—key architect of President Reagan’s successful 1980s tax reductions—and his team made a detailed study of the relative … WebDec 7, 2024 · Passed in 1954 and named for its chief sponsor, Senator Lyndon Johnson, the amendment prohibits politicking by tax-exempt nonprofits, including churches and other religious institutions. Under the Republicans’ proposal, pastors and other religious leaders would be free to endorse candidates from the pulpit. garlic cbd
GOP tax bill would allow churches to endorse political candidates
WebNov 7, 2024 · Money for politics today is not tax deductible; but it will be – by more than a billion dollars every election cycle - if Section 5201 passes, allowing churches to take tax-deductible donations AND endorse candidates. The sham “churches” that would spring up would be the new Mega PACs, making Super PACs look tiny by comparison. WebNov 2, 2024 · WASHINGTON (AP) — Churches would gain the right to endorse political candidates and still retain their tax-free status under a provision in House Republicans’ … WebDec 12, 2024 · The provision would give churches and other nonprofits much more leeway to endorse candidates. Whether the provision remains in the tax bill could be known as early as Wednesday, when... blackpoint tactical iwb