While Capitol Hill and much of the nation have been following the roller coaster of debate surrounding what will come of GOP efforts to repeal and replace the Affordable Care Act, some are focused on what President Donald Trump's proposed tax plan might mean for charitable giving.
His proposed tax plan would place a cap on total itemized deductions, including those for charitable giving. By raising the standard deduction and eliminating the estate tax, experts say that this plan would reduce incentives that often prompt donations to charities.
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