tax deductions

Nonprofits Fear Tax Limit On Charitable Deductions

Jewish groups lobby against Obama plan to cut top rate.

07/19/2011
Special To The Jewish Week

In its ongoing efforts to raise the debt ceiling before the Aug. 2 deadline, the Obama administration has gone back to an idea it had already proposed twice before—that of limiting the tax deduction for charitable donations. The suggestion has alarmed several Jewish nonprofit groups and catalyzed them to lobby congressional leaders against adopting such a policy.

Many charities are warning against President Obama's plans to limit tax-deductible donations.
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