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March 26th, 2009

Charities Skeptical About Obama’s Proposed Tax Change

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Written by: The Iowa Republican

President Barack ObamaCharity groups are still jittery over a proposed tax change they say could cause wealthy donors to give less, despite assurances from President Obama this week that donations are unlikely to go down because of a reduction in the tax deduction for charitable contributions.

While Obama argues that his administration is trying to make sure low-income donors enjoy the same tax benefits for their giving as high-income donors, charities and the organizations that represent them say they are concerned they could end up paying the price for a more equitable tax code. Read more here.

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The Iowa Republican

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