U.S. Senator James Lankford is leading a bipartisan group of Senators hoping to expand the federal tax deduction for charitable giving. The bill is called the Universal Giving Pandemic Response Act. It expands the above-the-line deduction for donations to non-profits, houses of worship, religious organizationa and charities.
“Nonprofits uphold Americans in our times of greatest need. Now it is time for Americans to uphold nonprofits in their moment of need,” said Lankford. “Our families need strong nonprofits to meet their essential needs. They are the private safety net before the public safety net. Our nation’s charities help millions of people both in Oklahoma and across the nation access food, shelter, clothes, employment assistance, and mental and physical health services without forcing them to wait on the government. This proposal incentivizes additional giving during a time of crisis in our nation. I am proud of the incredible work our bipartisan group of senators has done to help ease the federal tax burden for those who give to charities.”
Lankford is joined by Senators Chris Coons, Mike Lee, Jeanne Shaheen, Tim Scott and Amy Klobuchar.
