March 12, 2009
Economists Try to Calculate the Impact of Tax Changes on Charitable Giving
Virtually everyone agrees that President Obama's proposal to limit the tax breaks wealthy people can get for charitable contributions would dampen giving. The question is, by how much? And would other parts of the president's budget plan act as a counterweight?
"The evidence suggests that many factors affect charitable contributions, including the desire to help the charity and overall economic conditions," Peter Orszag, the White House budget director, wrote in a blog post defending
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