Charitable Deduction | Federal | ACR in the News
Nov 11, 2011
“Charitable Deduction Not Discussed at Deficit Talks”
Chronicle of Philanthropy, November 11, 2011
The Chronicle of Philanthropy reports that Republican members of the deficit reduction committee are contemplating limits to tax deductions.
The articles notes:
“Republicans have said previously that they are against raising taxes of any kind, including placing new limits on how much wealthy people can deduct by making charitable gifts. As pressure mounts to strike a deal, however, Republican leaders could be softening their stance on some tax increases.”
The article also refers to ACR’s update concerning this development.