[Lekooks] Tax tidbits

[Gerald Flakas]

Lots in the news media about the proposed Republican bill just released to Congress, here are a couple of tidbits you may not be aware of:

This bill effectively repeals the Johnson Amendment, which takes away tax-exempt status from churches (and their ministers and other spokes-people) that advocate for or against candidates for office. This opens the door to churches becoming tax-free political action committees, with the rest of the taxpayers in effect subsidizing political campaigns. Please let your representatives in Congress know if you are opposed to this change.

Another item: the bill eliminates the present $7,500 tax credit for purchasing an electric vehicle (e.g. Tesla, Chevy Bolt, Nissan Leaf). So if you're planning to buy one, act quickly.

Gerry Flakas

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lekook.org/pipermail/lekooks_lekook.org/attachments/20171105/80ccd20a/attachment.htm>