Tax deductions for charitable giving also on the chop block

[AndrewP]

http://philanthropy.com/blogs/government-and-politics/deficit-commission-targets-charitable-deduction/27632


I hadn't heard that before. I was really focused on the Bush tax cuts and Social Security.

[woodsprite]

1. Mortgage interest deductions also.

The Freepers here at work are LIVID about that.

[Tesha]

2. Given the abuse of charitable donations by political "religious" organizations, I just might...

...support eliminating the deductability of charitable giving.

Far too much of such giving is either illegally used to lobby
against things I believe in or simply spent on maintenance
and operations expenses for the organization's clubhouse.

Tesha

[sasha031]

4. but it's the animal rights and environmental groups that will b affected

[AndrewP]

6. That's what I care about

There will be charities that will pay dearly in loss of contributions.

[Tesha]

7. Why do you say that? (NT)

[sasha031]

3. it's a travesty, Charities have been suffering for years now

[LiberalEsto]

5. Are they getting rid of loopholes for the rich?

I'll bet they're not.