Charitable tax deductions are at real risk. This comes at a time when private donations are suffering due to the economy and demand for services is on the rise.
The Congressional “super committee” is charged with identifying $1.2 trillion in deficit reduction (over 10 years) before Thanksgiving. Everything is on the table with this committee, including deductions. In addition, President Obama's "jobs" bill proposes to pay for the next round of federal stimulus spending in part by eliminating charitable tax deductions.
Our most effective tool in protecting this deduction is your advocacy. Senators and Members of Congress care about the charities in their states and districts. The more you communicate with your federal representatives about how the charitable deduction enables you to help people in your communities, the more likely it is that we will succeed in protecting the deduction.
Please take action now by signing the letter to Congress created by United Way at http://capwiz.com/unitedway/issues/alert/?alertid=25836506 This letter is having real impact, but we must keep up our efforts to urge Congress to protect charitable giving incentives. Thank you for your efforts.