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The Charitable Deduction May be at Risk

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On April 27, Diana Aviv sent an urgent message that called on Independent Sector members and others to make their voices heard in support of the charitable deduction.

What’s happening now?
President Obama recently announced the creation of a new bi-partisan group to reach an agreement on a deficit reduction plan. Included in his four-part proposal to reduce the deficit was spending on itemized deductions “from home ownership to charitable giving.”  

Adding to the urgency, a bi-partisan group of six Senators plan to introduce legislation in early May that embodies the deficit reduction proposals of the President’s Commission on Fiscal Responsibility and Reform. That commission proposed eliminating the charitable deduction and replacing it with a 12 percent credit for charitable gifts that exceed 2 percent of an individual’s adjusted gross income.

Learn more about what’s happening on the Hill.

Why the charitable deduction is important.

While Americans give to charitable organizations for many reasons, studies have shown that tax policy greatly shapes the size and number of charitable donations.

Independent Sector has created a one-pager on the charitable deduction with helpful facts and figures that you to use in your advocacy efforts.

What you can do!

  1. Please contact your members of Congress and ask them to protect the charitable deduction as a fair and important incentive for charitable giving. Let them know that your organization or the organization’s you care about depend on the charitable gifts that this tax incentive generates. 
  2. If you have relationships with any of the members of Congress who are involved in the current negotiations or the development of legislative proposals, it is especially important that you contact them now.

Members of Congress participating in the deficit reduction negotiations led by Vice President Biden: 
Senator Max Baucus (D-MT)
Senator Daniel Inouye (D-HI)
Senator Jon Kyl (R-AZ)
Congressman Eric Cantor (R-VA)
Congressman James Clyburn (D-SC)
Congressman Chris Van Hollen (D-MD)
 
Senators now developing legislation to implement the Commission on Fiscal Responsibility and Reform:
Senator Saxby Chambliss (R-GA)
Senator Tom Coburn (R-OK)
Senator Kent Conrad (D-ND)
Senator Mike Crapo (R-ID)
Senator Richard Durbin (D-IL)
Senator Mark Warner (D-VA)
 
Get more information about the charitable deduction.

Let us know what you think below or join the discussion on Facebook, Twitter, or LinkedIn.

 

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