AMERICAN ECONOMY - Trends and Tax Law

"What trends distinguished the U.S. economy over the past decade?" PBS NewsHour 12/31/2019

Excerpt

SUMMARY:  As the year comes to a close, we look back at the past decade in the American economy -- the first without a recession since record-keeping began in the 1950s.  While unemployment remains at a historic low, wage growth has been sluggish, and inequality continues to divide the country.  David Wessel of the Brookings Institution and The Washington Post’s Catherine Rampell join Jeffrey Brown.

"Is 2017 tax law responsible for declining share of U.S. charitable donors?" PBS NewsHour 12/31/2019

Excerpt

SUMMARY:  Thanks to large checks from the wealthy, financial contributions to the 100 largest charities in the U.S. rose 11 percent in recent months.  But the share of Americans who give to charity overall continued its long-term slide, with small nonprofits hit the hardest.  A number of factors are at play -- including the 2017 tax law.  Lisa Desjardins talks to the Chronicle of Philanthropy’s Stacy Palmer.