Public Policy Issue Briefing: Tax Reform and the Federal Budget

Friday, April 20, 2018 1:00pm - 2:00pm CDT
Otto Bremer Trust, 30 E 7th St #2900, St Paul, MN 55101

The forecast for the federal budget deficit is not good (Forbes). The Trump Administration’s budget plan for 2019 called for significant cuts (The Hill). Speaker Paul Ryan has long been an advocate for significant cuts, including restructuring of entitlement programs, and renewed this call shortly after the enactment of the 2017 tax law, though there’s not a clear consensus for his vision in Congress (CNN).

But, the expected budget axe did not fall, at least not yet. In February Congress approved a two-year budget framework that dramatically increased federal funding for fiscal years 2018 and 2019 (New York Times), and in March it finally adopted a 2018 budget (New York Times).

The Minnesota Budget Project keeps a close eye on the impact of federal tax and fiscal policy, both on the federal and the state budgets. Nan Madden, director of the Minnesota Budget Project will describe the link between recent changes in the federal tax law and future fiscal policy, and implications for Minnesota grantmakers, nonprofits and the people and communities they serve.

MCF’s current policy is to oppose state and federal budget actions that shift responsibility for government programs to the independent sector, particularly without considering the capacity of philanthropy and nonprofit organizations to accommodate proposed changes. As part of this Issue Briefing, you will learn about efforts in Minnesota to prepare to respond to budget pressures, such as MCN’s federal advocacy project, and help to shape MCF’s interpretation or development of its current policy.

MCF’s Public Policy Issue Briefings are presented as part of regularly scheduled Government Relations and Public Policy Committee meetings. The committee uses issue briefings to launch consideration of new policy development or to review existing policies. However, we know these topics are of interest to MCF members, beyond just the committee. Any MCF member is welcome to participate in Issue Briefings, either by attending the committee’s meeting or through video/audio conference.

Video conference participation is available for this event.  Information about connecting through video conference will be included in your registration confirmation email.

For information about this Issue Briefing or how you can connect with the work of MCF’s Government Relations and Public Policy Committee, contact Bob Tracy, MCF's director of public policy (612.335.3558).

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