• Saturday, February 11, 2012

Previous

Next

White House Reconsiders Plan to Lower Charitable Deduction

March 5, 2009, 1:47 pm

Treasury Secretary Timothy Geithner on Wednesday suggested that the White House might drop or modify its proposal to lower the charitable tax deduction for the wealthiest donors, The Wall Street Journal reports.

The article says complaints by Democratic lawmakers may be prompting the shift in thinking. President Barack Obama included the idea in his plan to strengthen health care in the United States.

For more on Mr. Obama’s proposal, which would cap deductions for taxpayers in the highest tax brackets at 28 percent, down from 33 or 35 percent, read The Chronicle’s coverage.

This entry was posted in Fund Raising, Managing. Bookmark the permalink.
  • Print
  • Comment

Comments are closed.