(CT) Evangelical leaders warn of ‘devastating’ impact of GOP tax plan on the charitable deduction.

Evangelical leaders have raised concerns that the current reform bills in the House and Senate would reduce the incentives that compel givers to donate to churches and other nonprofits.

Currently, taxpayers must itemize their deductions in order to take advantage of the tax breaks for charitable giving. Since the proposed GOP tax reforms would increase the standard deduction, fewer Americans are expected to itemize as a result—dropping from 30 percent of taxpayers to just 5 percent, according to the congressional Joint Committee on Taxation.

Doubling the standard deduction means 30 million Americans would no longer benefit from a deduction for their charitable giving, a change that is predicted to reduce giving by $13 billion annually, according to Indiana University’s Lilly Family School of Philanthropy.

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Posted in America/U.S.A., Ethics / Moral Theology, Evangelicals, Politics in General, Religion & Culture, Stewardship, Taxes