As Republican tax writers work on plans to offset the $4.5 trillion deficit from extending the 2017 tax law, special-interest groups in Washington are forming coalitions to protect their piece of the tax code.
One interest group is the Community Impact Coalition, which was launched in January by the American Society of Association Executives. ASAE, which has a $21 million annual budget and pays its CEO about $1 million a year, is concerned “that tax-exempt organizations may be at risk with some calling for a 21 percent corporate income tax on all net, non-donation income."
ASAE says it is "positioned to invest $1 million in strategic advocacy and communications counsel” but it is seeking more support by inviting other industry groups to join the coalition. General membership is $5,000; $10,000 gets you on the steering committee and $25,000 the executive-leadership level. That membership fee isn't much if your goal is to avoid paying taxes on tens of millions of dollars of businesslike income.
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