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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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Trump supporters believe these 10 utterly fake ‘facts’ about impeachment

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As President Donald Trump's impeachment seems to be all but a forgone conclusion in the House of Representatives, the Republican Party is still desperately spinning the damning facts of the case.

At every opportunity, they lie, distract, and distort the record in a brazen attempt to cover up for Trump's misconduct in the Ukraine scandal. Unfortunately, because a major section of the news media is organized in order to promote a right-wing agenda, millions of Americans have been deluged with lies about impeachment and never offered any substantial corrective.

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Jeff Van Drew abandoned by staff after switching to GOP to defend Trump during impeachment: report

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Rep. Jeff Van Drew of New Jersey was blasted after word leaked that the New Jersey Democrat would switch to the Republican Party after receiving polling showing he would lose a Democratic primary if he voted against impeaching President Donald Trump.

"Five senior aides to Rep. Jeff Van Drew of New Jersey resigned on Sunday as the lawmaker formally prepared to switch parties, stating they were “deeply saddened and disappointed by his decision," Politico reported Sunday.

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Chuck Schumer wants John Bolton and Mick Mulvaney to testify at Trump’s Senate impeachment trial

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Senate Minority Leader Chuck Schumer wants top administration officials to testify in President Donald Trump's impeachment trial in the United States Senate.

The House of Representatives is expected to pass articles of impeachment on Wednesday, setting up a Senate trial in the new year.

"In a letter sent on Sunday evening to McConnell, the majority leader, Schumer says Senate Democrats want to hear testimony from four administration witnesses, including acting chief of staff Mick Mulvaney and former national security adviser John Bolton," Politico reported. "There is almost no chance Senate Republicans would vote to subpoena those witnesses without assent from the White House and calling their own preferred witnesses."

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