The House passed legislation Thursday that would allow the president to strip tax-exempt status from organizations they deem to support terrorism.
Supporters of H.R. 9495, the “Stop Terror-Financing and Tax Penalties on American Hostages Act,” heralded the bill as an important step toward stopping terror funding.
But opponents have branded the legislation as a “nonprofit killer” out of concern that President-elect Donald Trump could use the legislation to punish nonprofits he deems to be working against American interests, including green groups.
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The bill also postpones tax filing deadlines for Americans held hostage or unlawfully detained abroad — a provision that has widespread bipartisan support.
