ACR prepares for a busy fall on The Hill
Sandra Swirski sits down with Philanthropy This Week, of the The Chronicle of Philanthropy, for an interview on the future of the charitable deduction and other tax changes that impact the charitable community in light of health policies currently in debate.
Episode 7: Update from Washington: The Charitable Deduction and the Social Innovation Fund
Further Reading
The Chronicle of Philanthropy, Suzanne Perry
President Obama today proposed to cap the rate that high-income taxpayers can use to claim charitable deductions as part of a plan to finance changes to the country’s healthcare system. In a document outlining his 2010 budget plans, the president proposes to limit the tax rate for itemized deductions at 28 percent for families making more than $250,000.
The Chronicle reports on this measure and responses from the nonprofit community, noting: “Some charities and nonprofit experts are worried that President Obama’s proposal to impose new limits on charitable tax deductions for wealthy people would dampen giving at a time when charities are under severe strain because of the recession.”
Further Reading
