Charitable Deduction

CGC Thanks Ryan in Letter for Comments Supporting Charitable Deduction

Coalition Also Expresses Concern Over Floor, AGI Limitation, Evaluation

The Charitable Giving Coalition sent a letter to House Budget Committee Chairman Paul Ryan (R-WI) today thanking him for his comments supporting the value of the charitable deduction. Ryan has voiced support in recent interviews for avoiding a cap on the charitable deduction.

The coalition also reiterated concerns in the letter over proposed provisions in House Ways and Means Committee Chairman Dave Camp’s (R-MI) Tax Reform Act of 2014 that would implement a two percent floor on the charitable deduction, streamline adjusted gross income limitations, and require gifts of property to be evaluated according to basis instead of fair market value.

Click here to read the full letter.

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ACR News 09.19.14—Congress Returns, Camp Plan Effect on Charitable Giving

>> Federal: Washington Roundup
>> Federal: Tax Extenders Delayed
>> Federal: Urban Institute Releases Report
>> Federal: Consider This
>> Top Reads: Study finds Camp’s tax reform would reduce charitable giving


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ACR News 09.05.14—What to Expect When Congress Returns

>> Federal: Washington Roundup
>> Federal: Looking Ahead
>> Federal: Paul Ryan Discusses Civil Society, Charitable Deduction
>> Federal: Consider This
>> Top Reads: Tax-Smart Philanthropy Made Easy


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ACR News 08.22.14—Ryan ‘No’ on Cap, Giving Increases in Puerto Rico

>> Federal: Washington Roundup
>> Federal: Rep. Ryan: No Cap for Charitable Deduction
>> Federal: Charitable Deduction Leads to a Sharp Increase of Donors in Puerto Rico
>> Federal: New Director for K-12 Programs
>> Top Reads: Proving Conventional Wisdom Wrong (Again) on Charitable Giving Tax Incentives


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(ACR BLOG) Rep. Ryan: No Top Cap for Charitable Deduction

House Budget Committee Chairman Paul Ryan (R-WI), who is widely expected to take over as Chairman of the House Ways and Means Committee, recently expressed his support for not implementing a cap on the charitable deduction, according to a report from Politico. Ryan stated that the charitable deduction is “the one area where I believe we should not have a top cap.”

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ACR News 08.08.14—No Recess for the ACR Newsletter

>> Federal: Washington Roundup
>> Federal: Philanthropic Achievement of the Week
>> Federal: ACR Panels at the Annual Meeting
>> Top Reads: Are Americans getting less greedy?


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Tax Policy and Private Charitable Giving

Eugene Steuerle Discusses a New Study on How Tax Proposals Could Affect Giving

Eugene Steuerle, who serves as the Richard B. Fisher Chair at the Urban Institute, discusses the most recent study from the Urban Institute and Brookings Institution entitled: Description and Analysis of the Camp Tax Reform Plan. Steuerle explains how the tax policy included in the draft affects the charitable sector and offers his thoughts on provisions that would help strengthen it.

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ACR News 07.28.14: House Passes Legislation, Expert Analysis of Camp Draft, Looking Ahead

>> Federal: Washington Roundup
>> Federal: Chairman Ryan Pens Op-Ed
>> Federal: Senate Continues Hearings
>> Federal: Interview with Eugene Steuerle
>> Federal: Outlook Through the End of the Year
>> Consider This: Connecting with Lawmakers in August
>> Top Reads: House strengthens tax breaks for charitable giving


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House Passes Legislation Championed by ACR

ACR Priorities Among Five Charity-Related Bills Passed by the House of Representatives

WASHINGTON, D.C.— Two legislative priorities of the Alliance for Charitable Reform (ACR) were included in a package of five charity-related bills—HR 4719, the America Gives More Act—passed today by the House of Representatives. The ACR priorities included in the package will streamline the private foundation (PF) excise tax to a flat one percent rate and give people until April 15 to make charitable contributions applicable to the previous year.

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ACR News 07.11.14—ACR Hits the Hill

>> Federal: Washington Roundup
>> Federal: ACR Hits the Hill
>> Federal: Ryan Pens Op-Ed
>> Consider This: Connecting with Lawmakers
>> Top Reads: Charitable Giving Chugs Along, Up 0.9%


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