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The Latest from Grassley on Charitable Reform Warren Buffett secured an even loftier position in the eyes of Americans when he recently announced his plans to give away the lion’s share of his $44 billion fortune to charity. The “Oracle from Omaha” boldly represents the noble generosity of the American spirit. Rep. Souder Letter to Congress (.pdf) Rep. Johnson Letter to Congress Dear Chairman Grassley, Ranking Member Baucus and Chairman Thomas: As you begin the conference on the tax reconciliation bill, I would like to call your attention to several provisions included in the charitable reform portion of the House tax bill (HR 4297). As currently proposed, HR 4297 contains provisions that are both helpful and harmful to charity organizations. Rep. Hayes Letter to Congress (.pdf) Rep. Schmidt Letter to Congress (.pdf) Rep. Rangel Letter to Congress (.pdf) Rep. English Letter to Congress (.pdf) Katrina Relief Makes Charity Reform in CARE Act Untimely, Says Santorum The delayed governmental response in the aftermath of Hurricane Katrina has caused Senate Finance Social Security and Family Policy Subcommittee Chair Rick Santorum, R-Pa., and several charity officials to be wary of including proposals to reform charitable organizations in the CARE Act. I want to take this opportunity to commend the efforts of charities throughout this country who work day in and day out to transform the lives of individuals, families, and communities. I believe strongly that the philanthropic, generous nature of Americans is a big part of what makes America a great nation. |
