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

Buffett: Cap On Charitable Deductions Won't Change Giving By Even A 'Penny'
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. AFP PHOTO/Nicholas KAMM (Photo credit should read NICHOLAS KAMM/AFP/GettyImages)
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. AFP PHOTO/Nicholas KAMM (Photo credit should read NICHOLAS KAMM/AFP/GettyImages)

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.

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