If you own property and make less than US$200,000, the Republican tax overhaul is likely going to eliminate a tax deduction you use.
More than US$20 billion per year in giving is potentially at stake.
While much has been written about why the GOP's tax plan would exacerbate income inequality, there are two reasons it's even worse than you think.
The tax bill that just cleared the Senate contains sweeping changes to nearly every facet of American life.
Universities play a vital role in promoting economic growth, something the writers of the Republican tax plan have apparently forgotten.
Far from dispelling the notion among Americans that the system is 'rigged' against them, Republican tax plans are more likely to make matters worse.
The House just passed its version of the tax plan, which includes about US$1 trillion in cuts for corporations. The question, who will be left holding the potato?
Rather than tinkering with the deduction, Republicans should get rid of it altogether and replace it with something that would actually help more Americans afford a home.
Colleges and universities boast US$547 billion in endowment assets, yet only a handful of elite schools would be taxed under the proposal.
Supply-side economics is the intellectual backbone of the argument that tax cuts for the wealthy will boost business investment, wages and growth. The evidence suggests otherwise.
Taxing inherited wealth doesn't just generate revenue for the government. It encourages philanthropy.
President Trump recently released his tax plan, but he's also said he wants to stimulate the economy with infrastructure spending. Is one more effective than the other at boosting growth?
The Trump tax cut will create new investment in America, but at the expense of countries like Australia