Scripps Treasurer Weighs in On House Tax Plan's Effect on Nonprofit Hospitals
Experts tell LA Times plan would increase construction costs
![Construction site](http://www.scripps.org/sparkle-assets/images/construction-3946296191236306533.jpg)
Experts tell LA Times plan would increase construction costs
Richard McKeown, Scripps Health corporate vice president and treasurer, recently told the Los Angeles Times that a proposed tax plan that the U.S. House of Representatives approved would have a negative impact on nonprofit health systems like Scripps. The House plan would increase borrowing costs for nonprofits by eliminating tax-exempt bond financing for construction projects. The Senate tax plan does not include such an increase in borrowing costs.
Read the story in the Los Angeles Times: House tax plan would mean higher borrowing costs for hospitals, schools, affordable housing.
Media Contact
- Leonel Sanchez
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- Sanchez.Leonel@scrippshealth.org
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