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Cap On Deductions Won't Hurt My Giving 'By A Penny': Buffett

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WARREN BUFFETT CHARITY DEDUCTIONS
Billionaire Warren Buffett, CEO and chairman of investment company Berkshire Hathaway, speaks during a conversation with David Rubenstein, president of the Economic Club of Washingtron, during the club's 25th anniversary dinner in EWashington on June 5, 2012. Buffett said a cap on tax deductions will not change his charitable giving. | Getty Images

www.cnbc.com:

With "fiscal cliff" discussions going on in Washington, non-profits are already in combat mode over the potential for a cap or limit on charitable tax deductions.

But America’s Philanthropist-in-Chief (or Vice Philanthropist, next to Gates) says that doing away with the charitable deduction altogether wouldn’t change his giving – not even by a penny.

Read the whole story at www.cnbc.com