In the News

Obama’s Mixed Signals Devalue Charity

In every budget President Obama has sent to Congress, he has signaled to the American public that promoting private giving is not his priority: each year he has proposed a cut to the charitable deduction. He didn’t let us down this year, again choosing to devalue charitable giving by proposing to limit the charitable deduction. […]

‘Charitable Deduction Proposal in President Obama’s FY 2013 Budget’

By Diane Freda Reproduced with permission from Daily Tax Report, 29 DTR GG-6 (Feb. 14, 2012). Copyright 2011 by The Bureau of National Affairs, Inc. (800-372-1033) Key Development: Proposes 28 percent limit on charitable deductions for the wealthiest Americans. Potential Impact: Maintains the status quo on deductions rather than providing a special rule for charities. […]

‘In Taxes, Obama Must be Clear on Charity’

By Rep Robin Hayes Published by The Hill newspaper Feb. 7, 2012 For the last 3 years, we have been able to rely on President Obama for a few things in his budget proposals. Obviously increased spending comes to mind, but something else has been particularly disturbing: his attack on philanthropy and charities. In his […]

‘Only Charitable Deduction Preserved In New Buffett Rule Tax Proposal’

Only Charitable Deduction Preserved In New Buffett Rule Tax Proposal By Diane Freda Reproduced with permission from Daily Tax Report, 22 DTR G-5 (Feb. 3, 2012). Copyright 2012 by The Bureau of National Affairs, Inc. (800-372-1033) http://www.bna.com The charitable contribution deduction is the only deduction that would be allowed under the Buffett rule tax proposed […]

‘Obama Blueprint May Signal Retreat From Limit on Charitable Deductions’

This morning BNA reported that the Administration may be stepping back from previous proposals to cap charitable deductions at 28 percent. Here’s an excerpt from the article: “The past three budgets the president has submitted have included a limit to the charitable deduction in every single one of them, through limiting itemized deductions,” said Sandra […]

“Nonprofits worry they’ll take a hit in debt-reduction proposals”

“Charitable Deduction Not Discussed at Deficit Talks”

Live from the 2009 Annual Meeting

Riding the Tax Seesaw