October 16, 2011
Fury Over Charitable-Deduction Proposal Reveals Nonprofits’ Self-Interest
President Obama’s repeated efforts to limit charity tax breaks for wealthy people have triggered fervent, if not frenetic, opposition by large nonprofits and their trade associations.
The most recent flurry came after the president suggested limiting the value of all itemized deductions to pay for his jobs bill, an idea that appears to have died for now. But given the nature of the nation’s money woes, odds are a similar measure will be proposed again
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