February 23, 2006
President Bush Seeks Charity Tax Breaks
The federal budget proposal President Bush submitted to Congress this month could have an impact on how much charities raise in private donations.
As he has done for the past several years, Mr. Bush proposed a package of tax incentives designed to spur charitable giving. He also asked Congress to make permanent several temporary tax breaks, including repeal of the estate tax.
Under current law, the estate tax will be phased out gradually in coming years, then will be repealed
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