“Republicans have quietly imposed a new tax on churches, synagogues and other nonprofits, a little-noticed and surprising change that could cost some groups tens of thousands of dollars.
“Their recent tax-code rewrite requires churches, hospitals, colleges, orchestras and other historically tax-exempt organizations to begin paying a 21 percent tax on some types of fringe benefits they provide their employees.”
So much for the Prosperity Gospel.
Anyway, you know the Billions for Billionaires bill? In their haste to write it and pass it, they forgot to check it for the usual bribes and honorarium, and lo! They taxed their patrons to help pay for the billionaire’s tax relief: they forgot to make the difference between for-profit and non-profit entities. So EVERYONE now has to tax the fair market value of the fringe benefits.
Personally, I’d leave it, but bet me that there will be a scramble to give the Churches back their break. But I’ll be surprised if they go for the rest of the non-profits (unless it benefits the GOPers themselves).