May 21, 2009
Obama Budget Plan Includes Limit on Charitable Deductions
President Obama stuck to his proposal to limit the federal tax breaks wealthy people can get for itemized deductions, including charitable gifts, in his final budget plan released last week.
The president also continues to support the idea of permanently keeping the estate tax at levels that are now in effect.
Peter Orszag, the White House budget director, restated the administration's defense of its controversial deductions proposal, which seeks to raise money for a reserve
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
