February 7, 2010
President Revives Call to Set Limits on Charity Write-Offs by the Wealthy
President Obama renewed his proposal to limit the value of charitable deductions for high-income taxpayers in the fiscal 2011 budget plan he presented to Congress, a measure that would increase the cost of giving for many wealthy Americans.
The proposal would limit to 28 percent the tax break couples that earn $250,000 (or individuals who earn $200,000) could get for their itemized deductions, including gifts to charity.
The president proposed a similar limit in last
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. 
