Nonprofit leaders fighting renewed White House efforts to cap tax breaks on charitable gifts hailed a move by two members of the Senate Finance Committee to publicly oppose the plan, Bloomberg writes.
In a missive to be delivered this week to the Finance panel’s leaders, Republican Sen. John Thune and Democratic Sen. Ron Wyden call for maintaining current deduction levels on donations. They are seeking additional signatories to the letter, which calls for separating the charitable deduction from other breaks that are on the chopping block as the administration and congressional leaders mull major revisions to the tax code.
Steven Taylor, senior vice president for United Way Worldwide, called the letter “a game-changer” in nonprofits’ lobbying efforts to preserve the deduction. “We get a lot of folks in Congress who say they are with us in private meetings … but having something like this in writing that is public really shifts the debate dramatically,” he said.
Read a Chronicle of Philanthropy article on how reducing the donation deduction could affect giving.Return to Top