NRB issued a statement about the charitable tax deduction this week, saying to Senators, “Don’t mess with a century of success.” In letters to members of the Senate Finance Committee, NRB President & CEO Dr. Frank Wright urged them to oppose proposals to diminish the charitable deduction, “a public policy that has proven its worth for nearly a century.”
Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) are taking a “blank slate” approach to comprehensive tax reform, and they have asked their Senate colleagues to give justifications for tax policies to add back into a reconstructed tax code by the end of this week.
“Many of our members are non-profit organizations that not only powerfully illuminate public needs, but directly work to help the hungry, hurting, addicted, and vulnerable in theUnited Statesand abroad,” wrote Dr. Wright. “These organizations rely on charitable giving to serve their communities effectively, and any restriction of the charitable deduction could be devastating to their efforts.”
Earlier this year, the NRB Board of Directors unanimously approved a Resolution stating:
Suggestions have been made by Members of Congress and by Executive Branch officials that the charitable deduction be minimized or eliminated, and NRB believes that reducing or eliminating the charitable deduction would have a devastating effect on non-profit religious organizations and would destroy some ministries and would negatively impact the good work of other ones that provide free services and great public benefits to their communities and to the nation.
Board Members then called on the federal government not to harm this longstanding successful tax policy.
By Aaron Mercer, Vice President of Government Relations
Published: July 26, 2013