The Nonprofit Quarterly daily online newsletter, Newswire, has been covering a story in the state of Maine that bears watching by every nonprofit leader. Governor Paul LePage’s tax and budget plan coming before the state’s Legislature levies taxes on nonprofits and eliminates the charitable gift tax credit, even as it cuts taxes for higher income individuals. However, Governor LePage is not alone. Several other governors and states are pressing for variations on this plan. Maine, however, might be a “bell weather” for things to come, hence it deserves the attention of nonprofits throughout the United States.
Some readers of this blog may know that I also write for the Newswire and this Maine story is one that I and few other NPQ writers have been following closely. My latest article on Governor LePage’s promises that a “flood of money” will come into nonprofits under his plan appeared in the Newswire today, February 23rd. In the first paragraph of my article you will find links to four other articles that have recently appeared in the Newswire highlighting different aspects of this story, including an earlier one that I wrote about the impact on Maine’s nonprofit summer camps, which are a major economic driver for the state.
The NQP Newswire stories are generally quick reads, less than 500 words. However, if you cannot get to them today, please book mark them and come back to them at your earliest convenience.
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