Sunday, February 10, 2008
The Chronicle of Philanthropy reported on February 4, 2008, that President Bush included several charitable giving incentives in his proposed Fiscal Year 2009 federal budget. The entire budget is available on-line at http://www.treasury.gov/offices/tax-policy/library/bluebk08.pdf. Here is an excerpt from the Chronicle of Philanthropy story:
In his administration’s newly released 2009 budget, President Bush proposed making permanent a number of temporary incentives for charitable giving. He also proposed eliminating the two-tier structure of taxes that private foundations must pay on their investment income, replacing it with a flat rate of 1 percent instead.
For the entire story, see "President Bush Includes Charitable-Giving Incentives in Budget Proposal" in the Chronicle of Philanthropy.