Federal Legislation

On Charity and Mortgage Interest: Obama Mistakes His Wife for a Hat

By Howard Husock

It’s just an aside in the White House budget for 2015—but it’s a very revealing one. In making the case for capping, at 28 percent,  the “value of itemized deductions and other tax preferences . . .for the wealthiest Americans”, the President declares:  “Currently, a millionaire who contributes to charity or deducts a dollar of mortgage interest enjoys a deduction that is more than twice as generous as that for a middle class family.”

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ACR Summit Wrap Up (VIDEO)

The fifth annual Alliance for Charitable Reform Summit for Leaders was held on March 5, despite Mother Nature’s attempt to unravel the travel plans of those attending. Our audience members heard from three panels whose presenters addressed the potential impact of tax reform on the charitable sector and encouraged more education of our elected officials about the damage that would be done to our communities by any diminution of private giving.

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ACR News 03.07.14 - Proposals Released and Summit Wrap Up

>> Federal: President Obama Releases 2015 Budget
>> Federal: Camp Releases Tax Reform Discussion Draft
>> Consider This: The Bottom Line
>> Top Reads: Cap On Deductions Proposed Again


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Thune Questions Lew About Cap on the Charitable Deduction, IRS Compensation

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.

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Live Blog: 2014 ACR Summit for Leaders

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.

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ACR on President’s Budget: Disappointed in Cap, Praise Streamlined PF Excise Tax

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.

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ACR Summit Panelists Express Thoughts on Tax Reform Plan

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).

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ACR Statement on Camp Tax Reform Legislation

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).

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Lawmakers Must Understand Philanthropy to Make Better Policy Choices

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.

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ACR News 02.21.14 - Tax Reform Bill Coming, Wyden Takes Over

>> 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


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