[xoxoxoBruce]

It will be interesting to see what the new tax bill will do to charity.

But as a result of the new tax bill, Dr. Rooney suggests, there will be roughly $21 billion less per year to charity. That’s almost four times the amount of growth in the sector last year. So, if Dr. Rooney is right, the not-for-profits that have lately had the wind at their backs may find themselves sailing into it starting in 2018.

But that may not be the whole story. Even as charitable contributions are under pressure, political contributions look poised to rise. They were already astronomical: 2016 contributions to presidential campaigns were over $2 billion; congressional (Senate and House) races brought in over $4 billion; and state-wide races, over $1,5 billion (all, new highs, and all not counting an unmeasured amount of soft/dark spending).