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Bipartisan support helps foundations avoid tax increase in new Trump legislation

Bipartisan support helps foundations avoid tax increase in new Trump legislation

By Swedan Margen

Culture

Two Republican senators and a broad bipartisan coalition of funders and nonprofits prevented a 600% increase in taxes levied on the endowments of the largest private foundations as part of President Donald Trump's the tax and spending legislation.

Originally published by washingtontimes.com. Syndicated material does not necessarily reflect the views of Grazia British.

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