SouthBendTribune.com: Ceiling on tax deductions would hurt charities

SouthBendTribune.com: Ceiling on tax deductions would hurt charities: "Ceiling on tax deductions would hurt charities
DIALOGUE: MICHIANA POINT OF VIEW

By J. LARRY NEFF

Neff
The congressional Joint Committee on Taxation is considering numerous proposals designed to close the federal budget's yawning deficit and clamp down on tax fraud. One recommendation is to cap at $500 a year charitable deductions for contributions of clothing and household items. It estimates that this limit would result in $1.9 billion savings over 10 years by stopping tax cheats from inflating the value of their donations to charity."