Highlights from the latest edition of the ACR newsletter:
ACR Blog Highlights
- What is Transparency and What Does it Mean for Philanthropic Organizations?
Washington Roundup
- Ways and Means Hearing on Nonprofits
- Process for Tax Reform
Consider This…
The Debt Ceiling, It’s Back..
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Members of Congress and witnesses advocate preserving the charitable deduction
Today, October 18, 2011, the Senate Finance Committee held a hearing entitled “Tax Reform Options: Incentives for Charitable Giving.”
Senators Max Baucus (D-MT), Orrin Hatch (R-UT), Benjamin Cardin (D-MD), Thomas Carper (D-DE), Charles Grassley (R-IA), and John Thune (R-SD) attended the hearing. They heard from Dr. Frank Sammartino, Assistant Director For Tax Analysis, Congressional Budget Office; Elder Dallin H. Oaks, The Quorum of the Twelve Apostles, The Church of Jesus Christ of Latter-day Saints; Dr. Eugene Steuerle, Richard B. Fisher Chair and Institute Fellow, The Urban Institute; Mr. Brian A. Gallagher, President and CEO, United Way Worldwide; and Mr. Roger Colinvaux, Associate Professor, The Catholic University of America, Columbus School of Law.
In a press release the Alliance for Charitable Reform applauded testimony in today’s hearing, which focused on incentives for charitable giving, for showing strong support for preserving the charitable deduction and ensuring giving continues to serve those in need.
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Baucus to Seek Ways to Efficiently Stimulate Charitable Giving at Tax Reform hearing
Here are updates on the Senate hearing:
Senate Finance Committee Chairman Max Baucus (D-Mont.) will convene a hearing on Tuesday to consider how tax reform can efficiently stimulate charitable giving. The hearing, titled “Tax Reform Options: Incentives for Charitable Giving,” will take place at 10:00 a.m. on Tuesday, October 18, in Room 215 of the Dirksen Senate Office Building. This hearing is the latest in a set of hearings being held this fall to examine various segments of the economy and tax code.
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