Will Trump Weaken Washington’s Power To Tax?

The Power to Tax Foundations Is the Power to Destroy Them

Tucked away in the tax legislation making its way through Congress is an obscure provision that could lead to profound changes in civil society—and not for the better. The House Republicans’ bill would sharply increase the excise taxes paid by the foundations that help underwrite America’s charitable sector. The Senate should reconsider this proposal. Republicans see foundations—especially the largest ones that would bear the brunt of the new ta…

Will Trump Weaken Washington’s Power To Tax?

If so, he would diminish its power to destroy, which it has wielded mercilessly.