*The 2017 Tax Debate Experience and Budget Reconciliation
This is the first of two webinars focusing on tax policy in 2025. (The second webinar, Hot Tax Issues in 2025 and Nonprofit Priorities, will be presented on January 16, 2025.)
Tax policy was guaranteed to be a top agenda item for Congress in 2025 even before the election results were counted. Trillions of dollars in tax breaks expire at the end of the year and business and other special interests have long wish lists. The charitable sector can benefit from potential reforms, be used as revenue sources to pay for tax cuts for others, or a bit of both. This two-part webinar series is dedicated to explaining what charitable nonprofits need to know before the 2025 tax debate begins.
The results of the 2017 tax law were mostly negative for charitable nonprofits, but significant ground has been gained in the ensuing seven years. The process that Congress will use to pass tax legislation in 2025 is complicated and the advantage goes to the advocates who know the rules. This webinar will focus on lessons learned from and since 2017 and on the rules governing the 2025 debate.
NCN suggests these resources to get ahead of the debate:
- Tax Cuts and Jobs Act, H.R. 1: Nonprofit Analysis of the Final Tax Law, National Council of Nonprofits, updated Apr. 5, 2018.
- The 2025 Tax Debate, National Council of Nonprofits, Fall 2024.
- Budget Reconciliation Process: Timing of Committee Responses to Reconciliation Directives, Report R41151, Congressional Research Service, Jan. 19, 2016.
- The Budget Reconciliation Process: The Senate’s “Byrd Rule”, Report RL30862, Congressional Research Service, updated Sept. 28, 2022.
Confirmed speakers for the webinars are:
- Bernie Becker, Tax Reporter, POLITICO Pro
- Tiffany Gourley Carter, Policy Counsel, National Council of Nonprofits
- Jenn Holcomb, Vice President, Government Affairs and Legal Resources, Council on Foundations
- Jessica Mendieta, Policy Associate, National Council of Nonprofits
- David L. Thompson, Vice President of Public Policy, National Council of Nonprofits
- Amanda Tyler, Executive Director, BJC (Baptist Joint Committee for Religious Liberty)
- Laura Walling, Vice President of Government Affairs, Goodwill Industries International