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Bipartisan support helps foundations avoid tax increase in new Trump legislation

By Swedan Margen

Bipartisan support helps foundations avoid tax increase in new Trump legislation

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.

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Bipartisan support helps foundations avoid tax increase in new Trump legislation - GQ British Lifestyle