By Nathan J. Diament, director of public policy at the Union of Orthodox Jewish Congregations of America - 03/29/11 11:07 PM EDT
Part of the appeal to such an idea is that it can boost federal revenue with limited impact on the charitable sector. Some estimates have indicated that the nonprofit sector would lose about $4 billion annually. While in Washington budget debates a $4 billion reduction might seem “marginal,” in the charitable sector it will likely have a devastating impact — especially on small community and social welfare institutions.
It is a mistake to create budgetary fixes at the expense of the nonprofit community — especially when we will still be dealing with the aftershocks on the great recession long after the economy is touted as “recovered.”