Monday, February 18, 2013
Tax Notes Reports on Hearing on Charitable Contributions Deduction
We previously blogged about the House Ways and Means Committee Hearing on Tax Reform and Charitable Contributions, first here and then here. This morning’s Tax Notes Today briefly covers testimony from several academics and nonprofit leaders at the hearing. The piece focuses on testimony supporting the extension of the charitable contributions deduction (“CCD”) to non-itemizers whose charitable contributions exceed a statutory floor, and testimony critical of President Obama’s proposal to reduce the value of the CCD to high-income taxpayers to 28 percent.
The electronic citation to the Tax Notes Today piece is 2013 TNT 32-5.