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Budget and Private Priorities

Let's Take a New Look at Charitable Giving

Daniel Grant | Posted 05.25.2011 | Politics
Daniel Grant

In February of last year, President Obama put forward the idea of lowering the tax deduction of individuals earning $200,000 or more, and families earning $250,000 or more, who make donations to charities to 28 percent, down from the current 35 percent. The proposal drew a range of responses, from the nonprofit world - worried that reducing the deduction would lessen the incentive to give.