600% tax hike on private foundations cut from Trump’s BBB after extensive lobbying: ‘This took some persuasion’

Why This Matters

“Let’s be honest here," Sen. Todd Young told the AP. "The target of this excise tax increase was ... a handful of large foundations that are nationally known that have been accused of embracing and pe...

July 17, 2025

06:15 PM

7 min read

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