is the protection of philanthropic freedom – the right of Americans to choose how and where to spend their charitable assets. A project of The Philanthropy Roundtable, ACR educates legislators and policymakers about the central role of private charitable giving in American life and the dangers of legislative or political measures that would weaken or constrain the philanthropic freedom that makes such giving possible.
Since 1917, America has recognized the value of the charitable deduction, which has served as the bedrock of our altruistic society and is a model for the world. It must continue as a fundamental tenet of our tax system.
The current two-tiered tax provision is simply a disincentive for foundations to increase giving in any one year.
>> Federal: Washington Roundup >> Federal: Finance Committee Approves Extenders Bill >> Federal: Presidential Candidates and the CGC Letter >> Consider This: Final Extension? >> Top Reads: Senate Panel Advances $95B Tax Break Package Washington Roundup Lawmakers are looking forward to the start of the month-long August recess next week, but they still have a […]
>> Federal: Washington Roundup >> Federal: Finance Committee Releases Working Group Reports >> Federal: A Path Forward for Tax Extenders? >> Federal: Presidential Candidates Line Up – Sector Weighs In >> Top Reads: Coalition to Call on Candidates to Protect Charitable Deduction Washington Roundup Lawmakers returned to Washington this week after the Fourth of July […]
The Senate Finance Committee released its much-anticipated Working Group reports on Wednesday. The reports do not offer specific policy recommendations, but instead review current proposals potentially worthy of additional consideration. Sens. Grassley (R-IA), Enzi (R-WY), and Stabenow (D-MI), co-chairs of the Individual Working Group, reinforced this caveat in their report. “The Working Group does not make […]
..utilizing a flat percentagewould provide administrative relief to foundations without undermining the original intent of the excise tax.
The Business Working Group report recognizes merit of simplified PF excise tax. Simplification of the excise taxfor example, by (1/2)