federal budget plan

OU, JFNA Slam Obama Plan To Reduce Deduction Rate

02/13/2012 - 19:00

WASHINGTON (JTA) -- Two national Jewish organizations criticized a provision in the Obama administration’s federal budget proposal that would reduce the tax deductibility rate of charitable donations.

The Union of Orthodox Jewish Congregations of America and The Jewish Federations of North America both released statements Monday objecting to the president's proposal, which would force taxpayers earning more than $250,000 to deduct contributions to charities at a rate of 28 percent rather than the current rate of 35 percent.

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