article thumbnail

Ancestor in the Making: A Future Where Philanthropy’s Legacy Is Stopping the Bad and Building the New

NonProfit Quarterly

And rich people who could afford to isolate, not have to go into an office, could afford healthcare, got richer. “With policy changes in taxation and increased regulation governing corporations and philanthropic wealth, our economy became more regenerative, and everyone had the resources they needed to thrive.”

article thumbnail

The Social Contract: What’s Missing in the “Historic” Biden Legislation?

NonProfit Quarterly

The other major cost item that made it into the IRA were healthcare subsidies. In the original American Families Plan bill, $200 billion was earmarked for healthcare subsidies. Taxation is mildly deflationary, since, by definition, taxes reduce the money available for consumer purchases. million children out of poverty in 2021.

article thumbnail

How to Restore the Care in Long-Term Nursing Care

NonProfit Quarterly

Tax Credit Structure The term “tax credit” under the US taxation system is defined as direct forgiveness of tax owed by the taxpayer, which “reduces tax liability by an amount exactly equal to the credit” (Mikesell 2016). Does Private Equity Investment in Healthcare Benefit Patients? 2016; Grabowski et al. Gupta, A., Yannelis, and A.