The U.S. House of Representatives passed the tax legislation known as "The One, Big, Beautiful Bill" early this morning on a razor-thin 215-214 vote. The bill will now go to the Senate and is expected to be taken up after the Memorial Day recess.
AFP, in conjunction with several other sector partners, has issued a joint statement expressing concern about the fact that the bill relies on nearly $50 billion in new and increased taxes on the charitable sector to pay for other tax cuts.
Read the Statement | Learn More About the Bill