Charitable Deduction | Federal | ACR in the News
Nov 21, 2011
“Nonprofits worry they’ll take a hit in debt-reduction proposals”
Washington Post, November 20, 2011
The Washington Post reports on the potential impact on nonprofits of the Super Committee’s recommendations to reduce the national deficit.
Here’s an excerpt:
“Some Washington area nonprofits and foundations expressed concerns that potential reductions in the charitable tax deduction, under consideration by Congress’s deficit-reduction supercommittee last week, would have a chilling effect on contributions…
Sandra Swirski, executive director of the Alliance for Charitable Reform, said she would be surprised to see the charitable tax code targeted.
‘It would be hard to decide that the charitable deduction is ripe for reform, and that scaling back or limiting it is the way to close the deficit.’ “