Sens. John Thune (R-S. D.) and Ron Wyden (D-Ore.) recently introduced legislation intended to further bolster charitable giving. Among its provisions, the Charities Helping Americans Regularly Throughout the Year (CHARITY) Act (S.2750) includes a resolution that “Congress should ensure that the value and scope of the deduction for charitable contributions is not diminished during a comprehensive rewrite of the tax code.”
Noting the generosity of Americans, Sen. Thune remarked, “As families from across the country open their hearts and wallets to help less-fortunate members of their community, Congress should make it as easy as possible for charities to fulfill their purpose.”
NRB has been a vocal advocate for the charitable tax deduction in the midst of tax reform conversations. In a prior year letter to members of the Senate Finance Committee, NRB said, “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 the United States and abroad. These organizations rely on charitable giving to serve their communities effectively, and any restriction of the charitable deduction could be devastating to their efforts.”
More information about the CHARITY Act is available here.
By Aaron Mercer, Vice President of Government Relations
Published: April 22, 2016