June 4, 2009
White House Official Defends Deduction Proposal
An Obama administration official last month advised charities not to worry about the White House's plan to limit charity tax breaks for the wealthy and to keep in mind the "broader context" of President Obama's plan. Under the proposal, which has drawn fire for its potential to damage charitable giving, the tax break for itemized deductions would be limited to 28 cents for every dollar spent by couples who earn more than $250,000 (or individuals earning $200,000), starting in
This is an article for subscribers only. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
