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2012-02-10 digital edition
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February 10, 2012  RSS feed
World News

Text: T T T

Obama backtracks on charitable deduction

WASHINGTON – The Jewish Federations of North America commended the Obama administration for maintaining the deductibility rate of charitable donations.

In the proposal, the administration emphasized that it would work to ensure that any tax reform would be “implemented in a way that is equitable, including not disadvantaging individuals who make large charitable contributions.”

Previously, the Obama administration embraced proposals that would institute a cap on the deductibility rate of charitable contributions at 28 percent, a move that the JFNA and other major Jewish organizations opposed because it would create disincentives for charitable giving. The cap now is at 35 percent.

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