In 2025, lawmakers will be laser-focused on tax policy. Nonprofits ought to consider what policies will be in play and where they can lend their expertise.
All eyes in the tax policy world have already turned to next year and for good reason. Large pieces of the 2017 tax reform package are set to expire in 2025 and lawmakers, stakeholders, and influencers are all working to get their priorities and ideas front and center. The time to share your influence is now. And, recent Supreme Court rulings have made it even more important for lawmakers and their staff to have experts to lean on when crafting legislation. We’re hearing a lot about what large businesses and corporations – who often have the loudest voice in the room – want out of tax reform next year, but what about nonprofits?
In addition to expanding the charitable deduction and defending against unintended consequences – and general sentiments from some in Congress who think certain tax-exempt organizations ought to be looked into more – nonprofits should consider how they can lend influence to the number of policies that are already top of mind for lawmakers. Policies that deal with child care, affordable housing, education, and workforce development, come to mind as priorities that will certainly be part of the conversation next year.
House Ways and Means Republicans have set up tax teams, broken up into issue areas, meant to educate their members on specific tax policies and to help determine where they might want to make changes or additions to the tax code. The tax teams are currently talking with community leaders and are looking for your expertise.
If you are interested in how you can be part of these conversations as policymakers lay the groundwork for tax reform negotiations next year, please connect with Ali Bedford (abedford@integerpolicy.com).