H.R. 1432, known as the "VSO Equal Tax Treatment Act" or the "VETT Act," aims to amend the Internal Revenue Code of 1986 to allow deductions for charitable donations made to certain organizations for Armed Forces members. The bill specifically adds federally chartered corporations under...
Simple Explanation
Imagine the government is making it easier for people to give money to groups that help soldiers, by letting them pay less in taxes when they donate. But they're only doing this for certain special soldier groups, which might make other groups feel left out.