Dec 16, 2011
The late Congressman Mo Udall (D-AZ) once quipped, “Everything has been said but not everyone has said it.” In the case of the Super Committee, we believe that while much has been said, not everything has been said.
Charitable Deduction | Federal
Dec 16, 2011
The latest edition of the ACR newsletter is available below. Here are highlights:
Washington Roundup:
Consider This:Something You Haven’t Heard About the Super Committee
Charitable Deduction | Federal
Dec 15, 2011
Today, ACR joined a coalition of national nonprofit organizations in sending a letter to Senate Finance Chairman Max Baucus (D-MT) reminding him of the importance of preserving the charitable giving and the charitable deduction.
Dec 2, 2011
Well, we predicted it would go out with not a bang, not a whimper, but something in between. And boy, were we ever wrong.
Last Tuesday, two days before Thanksgiving, the Super Committee issued a statement that began, “After months of hard work, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline.” No deal to cut the deficit –by even one dollar!
Dec 2, 2011
The latest edition of the ACR newsletter is available below. Here are highlights:
Washington Roundup:
Consider This:Super Committee Letdown–Why We Think It Failed
Charitable Deduction | Federal
Nov 21, 2011
The Co-Chairs of the Super Committee, Senator Patty Murray (D-WA) and Rep. Jeb Hensarling (R-TX), released the following statement moments ago:
“After months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline.
Despite our inability to bridge the committee’s significant differences, we end this process united in our belief that the nation’s fiscal crisis must be addressed and that we cannot leave it for the next generation to solve. We remain hopeful that Congress can build on this committee’s work and can find a way to tackle this issue in a way that works for the American people and our economy…
Charitable Deduction | Federal | Press Releases
Nov 21, 2011
WASHINGTON, D.C.—With the breakdown of the Super Committee, lawmakers are pivoting to begin discussion of measures to avert $1.2 trillion in automatic spending cuts. In this context, the Alliance for Charitable Reform (ACR) strongly urges Congressional leaders to continue to protect charitable giving.
“Deficit reduction proposals that include measures that would reduce charitable giving, such as a cap on the deduction, should remain off the table,” said Sue Santa, senior vice president for policy at The Philanthropy Roundtable. “Although the Super Committee has not been able to come to a solution, charitable groups that provide for the needs of those hardest hit in this economy must be able to carry out their missions without the threat of bearing even more of the burden.”
Charitable Deduction | Federal
Nov 21, 2011
Major news outlets are reporting that the Super Committee will fail to produce a deal. That said, “breaking up before making up” is expected in this town. So even though it appears nothing will be accomplished, it is still possible that House and Senate leadership could intervene. And that is what it would take to reach a deal, according to Super Committee staff we heard from this morning.
Charitable Deduction | Federal | ACR in the News
Nov 21, 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.’ “
Charitable Deduction | Federal
Nov 18, 2011
With just days to go before their November 23rd deadline, the $1.2 trillion question in Washington is whither the Super Committee? Will they go out with a bang? A whimper? Or something in between?