Nonprofits Fear Losing Tax Benefit
(New York Times) — With the federal government struggling to regain control over the nation’s deficit, a debate is emerging over the charitable deduction and other tax policies that support nonprofit groups. What began as a proposal by the Obama administration in 2009 to reduce the deduction has become a wide-ranging discussion of what was once considered a sacred cow. Three blue-ribbon panels have proposed tinkering with the charity deduction, as has Robert B. Reich, the former labor secretary.
