President Obama’s effort to limit deductions for wealthy people, including those for charitable gifts, in his jobs bill may have died last week, but charitable deductions will be front and center in a Capitol Hill hearing next week.
The Senate’s powerful Finance Committee will host a hearing next week that will discuss how some key proposals to change the federal tax code would affect nonprofits.
Testifying at the hearing will be Brian Gallagher, president of United Way Worldwide, and Dallin H. Oaks, a leader of the Church of Jesus Christ of Latter-day Saints. Other witnesses include government and college scholars who have examined the charitable deduction.
The hearing will take place Tuesday at 10 a.m. Eastern time and will be broadcast online.
To see more about the charitable deduction, go to this special section of The Chronicle’s Web site.