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Trump’s tax cuts led to a $20B reduction in charitable giving within a year

  • Written by Daniel Hungerman, Professor of Economics, University of Notre Dame
Trump’s tax cuts led to a $20B reduction in charitable giving within a yearPresident Donald Trump, Vice President Mike Pence and Republican lawmakers celebrate the passage of the Tax Cuts and Jobs Act in December 2017.Chip Somodevilla/Getty ImagesTrump’s tax cuts led to a $20B reduction in charitable giving within a yearCC BY-ND

Americans give about half a trillion dollars a year to charity. That money helps fund services for the homeless, fight diseases, run museums and other organizations...

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