Latest Tax Reform Information

Posted by Michael Kenyon on Oct 27, 2017 7:30:00 AM

Over the course of the next several weeks, CGP expects significant action on federal tax reform legislation. Here is how you can stay up-to-date with the latest news and analysis as well as opportunities for you to help CGP with our lobbying efforts on Capitol Hill.

LATEST INFORMATION: Now that the budget resolution has passed, we expect Republican leadership in the House to release a draft of their comprehensive tax reform bill on November 1. We will notify CGP members when that draft is publicly available and send updates in the days and weeks that follow via email.

BACKGROUND: For a good overview of where things currently stand, listen to our legislative update call from earlier this week. Also, you can review material from our recent Hill Day to better understand our message to lawmakers.  

CGP 2017 Hill Day Fact SheetSenate Finance Committee - National Association of Charitable Gift PlannersIndiana University Study

TARGET LIST: CGP is currently conducting outreach to a number of strategic Congressional offices, which are listed below.  If you live or work in any of these districts (or your organization impacts constituents in these districts) and you would be willing to reach out to your Member of Congress, please contact CGP immediately at advocacy@charitablegiftplanners.org  

  • Rep. Mike Kelly (R–Pennsylvania–3rd
    • Northwest Pennsylvania, including Erie and New Castle
  • Rep. Kristi Noem (R–South Dakota–At Large)
  • Rep. Devin Nunes (R–California–22nd)
    • Central Valley, including northern Fresno and all of Clovis, as well as Tulare, Reedley, and Dinuba.
  • Rep. Peter Roskam (R–Illinois–6th)
    • West and far northwest Chicago suburbs, including the following five counties: suburban Cook, southwestern Lake, southeastern McHenry, a corner of Kane and a swath of DuPage.
  • Rep. Adrian Smith (R–Nebraska–3rd)
    • Western Nebraska, including Grand Island, North Platte, Kearney, Hastings, and Scottsbluff. 
  • Rep. Pat Tiberi (R–Ohio–12th)
    • Central Ohio, including northern and eastern Columbus suburbs.  Other cities include Mansfield, Newark, Delaware and parts of Dublin, Westerville, and Zanesville. 
  • Rep. Jackie Walorski (R–Indiana–2nd)
    • North central Indiana, including South Ben and Elkhart.  Other cities include Mishawaka, Goshen, Granger, and La Porte.

AGI Limits: As part of our advocacy efforts, CGP is collecting anecdotal data on how AGI limits contained in current law affect your ability to raise funds.  Have donors delayed, scaled back, or not made either cash or noncash gifts because they hit the AGI limit or were concerned they would?  If so, consider sharing your experience with CGP so that we may communicate more effectively on the Hill. 

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This is a critical time in advancing the universal charitable deduction and protecting charitable giving. CGP will continue to update our members and provide specific opportunities for you to engage your representatives.

 

Sincerely,

Michael G. Kenyon

President & CEO

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Topics: Advocacy