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Trump’s tax cuts aren’t just starving the government of cash — they’re expected to hurt charities too

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The massive tax cut passed by President Donald Trump and congressional Republicans in 2017 has blown a massive hole in the federal budget that is projected to lead to deficits exceeding $1 trillion starting next year.

But it’s not just the government that is expected to be starved of funds.

As Fortune reports, private charities — which Republicans usually tout as superior alternatives to government services for helping those in need — are also expected to take a hit thanks to incentives in the tax law that will likely lead to less giving.

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“To gain more tax breaks via itemized charitable donations, individuals and couples need to give more than the standard deduction. But under last year’s new tax law, the standard deduction for singles nearly doubled, rising from $6,350 to $12,000,” Fortune explains. “For married couples, the standard deduction rose from $12,700 to $24,000.”

Additionally, the tax law took a hatchet to many itemized deductions, which experts say could further dampen incentives to give.

“Without itemized deductions, most people will lose all tax benefits associated with charitable giving,” Kimberly Dula, a partner at the New Jersey accounting firm Friedman LLP, explained to CNBC earlier this year.

Read the whole report here.

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Maggie Haberman details the insane few hours Trump had a impeachment lawyer — before he was basically out

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For one brief day this week, President Donald Trump hired former Rep. Trey Gowdy (R-SC) to help him with a recently launched impeachment inquiry by the House. It took mere hours before the footage was revealed of Gowdy attacking the previous White House for not providing requested documents about Hillary Clinton.

While an impeachment inquiry is supposed to give more teeth to a Congressional investigation, the White House has still refused to cooperate, comply with subpoenas or even allow department staffers to appear and answer questions.

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Trump goes after Fox News’ Chris Wallace after Shep Smith departure

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President Donald Trump appears to be waging his own war against Fox News hosts that report the factual news and not opinions.

Friday, longtime Fox newsman Shep Smith was officially released from his contract, at his request and fellow Fox staffers are warning it's only the beginning. But now, it seems the president is seeing his sights on ridding the network of anyone who doesn't parrot his policies, politics, talking points or dares to fact-check him.

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Robert Reich walks through all the ways Trump is selling America to foreign powers for his own personal profit

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Notorious class warrior Robert Reich wrote a sharp attack of President Donald Trump for his international policies that are doing nothing more than scoring him personal cash and power.

Writing for The Guardian, Reich called Trump "the most xenophobic and isolationist American president in modern history," saying that the president has been "selling America to foreign powers for his own personal benefit."

While Trump promised during the 2016 election that he would "bring troops home," it was likely assumed that Trump meant the decades-long wars in Iraq and Afghanistan. The work on the ground in Syria was mostly being done by Kurdish allies and not American soldiers. The number of troops on the ground in Syria, prior to Turkey beginning their bombing campaign, was relatively low.

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