How workers could donate to charity as easily as putting money in their 401(k)

Some worry the super-wealthy have too much sway in the world of charitable giving, especially in light of mega-donations like Amazon AMZN, +0.00% founder and chief executive officer Jeff Bezos’ recent $2 billion pledge become more common.

Now a proposed tax law aims to help solve that issue.

The Everyday Philanthropist Act would let employees donate to charity by taking money directly out of their paychecks, similar to how workers contribute to their 401(k) accounts. The act would let employees put up to $5,000 a year into a “flexible giving account.” Congressman Erik Paulsen, a Minnesota Republican, introduced the bill in August, joined by three Democrats and two Republican co-sponsors.

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