article thumbnail

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

NonProfit Quarterly

These new laws channeled philanthropic assets into municipal bonds and community development loan funds, which stabilized local municipalities. 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

trillion bill, which is only true if you count the $650 billion for roads and infrastructure that was already law before the bill’s passage. Taxation is mildly deflationary, since, by definition, taxes reduce the money available for consumer purchases. million children out of poverty in 2021. percent increase from the $4.9

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). The Global Social Enterprise Lawmaking Phenomenon: State Initiatives on Purpose, Capital, and Taxation.”