Senator John Thune (R-SD) asked Treasury Secretary Jack Lew about the proposed cap on the charitable deduction at a Senate Finance Committee hearing on the President’s FY2015 budget proposal.
Mar 5, 2014
This is a live blog providing updates from the 2014 ACR Summit for Leaders.
We’re just a few minutes from starting. We’ll have a few opening remarks followed by the congressional panel.
Budget Proposal Also Includes the Buffett Rule
WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) issued the following statement upon the release of President Obama’s budget proposal for fiscal year (FY) 2015, which includes a 28 percent cap on the charitable deduction, the Buffett Rule and a streamlined private foundation excise tax.
Two panelists slated to participate in next week’s Alliance for Charitable Reform Summit for Leaders published articles about the tax reform bill recently released by House Ways and Means Chairman Dave Camp (R-MI).
Bill Recognizes Importance of Charitable Deduction, Streamlines PF Excise Tax
WASHINGTON, D.C.— The Alliance for Charitable Reform (ACR) issued the following statement upon the release of tax reform legislation authored by House Ways and Means Chairman Dave Camp (R-MI).
By Alicia Philipp and John Tyler
There’s an old saying in politics: “If you’re not at the table, you’re on the menu.”
As policy makers in D.C. and elsewhere debate public-policy changes that directly affect philanthropy, this idiom will become reality unless more foundations recognize their place in enhancing understanding of what philanthropy does and the constructive impact it has.
>> Federal: Wyden Takes Over Senate Finance Committee
>> Federal: Camp Getting Closer
>> Federal: Debt Ceiling Drama
>> Federal: ACR Summit for Leaders
>> Consider This: DC’s Focus
>> Top Reads: Dave Camp defies skeptics
Feb 21, 2014
By Adam Meyerson
The Philanthropy Roundtable is deeply concerned about recent remarks made by Aaron Dorfman, executive director of the National Committee for Responsive Philanthropy, before a leading regional association of grantmakers:
By Carl Hulse
WASHINGTON — With time running short, both progressive and conservative advocacy groups are raising serious objections to new rules proposed by the Obama administration to rein in political activity by nonprofit organizations that are not required to disclose sources of their funding.
In a rare agreement between Tea Party and liberal activists, organizations across the political spectrum say new regulations drafted by the Internal Revenue Service to curb a surge in political spending and activity by nonprofits are far too broad. They fear that enforcement of the regulations would chill more neutral civic initiatives such as voter registration efforts and candidate forums.