'Fiscal Cliff' Solutions Could Decrease Charitable Giving

Ad Feedback

Some of the possible fiscal cliff solutions could decrease donations to charities.

The Charitable Giving Coalition has sent letters to President Obama and lawmakers, urging them to protect the tax deduction for givers.

The White House has proposed capping all itemized deductions at 28 percent for certain taxpayers. A bipartisan debt reduction panel has also proposed eliminating the deduction and replacing it with a tax credit.

A study by the fundraising firm Dunham and Company shows most Americans favor the charitable tax deduction and would donate less if it was eliminated.

Log in or create an account to post a comment.  


Are you seeking answers in life? Are you hurting? Are you facing a difficult situation?

Find peace with God, discover more about God or send us your prayer request.

Call The 700 Club Prayer Center at 1 (800) 823-6053, 24 hours a day.

A caring friend will be there to pray with you in your time of need.

CBN News


CBN News is a national/international, nonprofit news organization that provides programming by cable, satellite, and the Internet, 24-hours a day. Follow us on Facebook, Twitter, and Google+.