12/06/2012 05:39 pm ET Updated Feb 05, 2013

Colleges Worry Over Proposed Changes To Charitable Deduction

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WASHINGTON -- For more than a year, higher education organizations have urged Congress to somehow avoid the "fiscal cliff" -- the dramatically named combination of spending cuts and tax hikes that will take effect Jan. 2 if lawmakers cannot agree on a plan to reduce the deficit and extend expiring tax cuts and benefits.

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