Nonprofits Fight Proposal to Curb Charity Tax Breaks - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: Nonprofits Fight Proposal to Curb Charity Tax Breaks
September 15, 2011, 9:32 am
By Lisa Chiu
Nonprofits are gearing up to fight President Obama’s plan to pay for his jobs bill in part by limiting charitable deductions. Mr. Obama wants to limit the amount all wealthy people can write off for charitable gifts as well as housing, medical expenses, and other items.
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