Everyday Philanthropist Act
Our current tax code discourages individuals at a certain income level from giving back. The Everyday Philanthropist Act seeks to empower the Everyday Philanthropist to give back to the communities they care about by implementing a Flexible Giving Account (FGA). An FGA is a pre-tax payroll deduction for employee giving that would allow:
- Millions more Americans to receive immediate tax benefits for their charitable donations.
- Employers to empower their employees to give back while lowering payroll taxes.
- Charities to increase their donations, so they can more effectively help those in need.