HOME > NEWSROOM > ARTICLES > Call NOW to Save Charitable Tax Deduction!

Call NOW to Save Charitable Tax Deduction!

Red phoneCongress and the White House have about a week left to make a last-minute deal to avert the so-called fiscal cliff.

That means there is even less time for Americans to call leaders of Congress to stand up for tax incentives for charitable contributions, which could be eliminated or reduced to avoid the fiscal cliff.

“[O]ur society could undergo a radical adverse transformation as a result of these next seven days,” noted NRB President & CEO Dr. Frank Wright during a recent interview on the WallBuilders Live! radio program.

According to a recent poll by United Way Worldwide, the nation’s largest charity, two-thirds of Americans are opposed to reducing or eliminating the charitable tax deduction, and nearly 8 in 10 believe that reducing or eliminating tax incentives for charitable contributions would have a negative impact on charities and the people they serve.

Despite public sentiments, leaders in Washington could decide to eliminate or reduce the charitable tax deduction – not because it’s a good idea, but, as Dr. Wright pointed out, “because their backs are against the wall financially.”

“We’re borrowing a trillion dollars or more every year to finance our deficit spending,” he noted.

Still, while the government could raise $1.7 trillion by taking away or severely limiting the housing deduction, the mortgage deduction, and the charitable deduction, Dr. Wright and other non-profit leaders have asserted that any reduction to the charitable deduction could be “devastating” for charities and the people they serve.

Furthermore, the government would have to end up spending more money in trying to do what charities are incredibly efficient in doing. And it would do so in a “horribly inefficient” way.

“[W]hat that’s going to lead to is suffering from the very people that charities aim to help. It will lead to suffering and deprivation because they’re not able to receive the kind of aid that they used to receive. Now, I know that some churches and some individuals are going to continue to give whether there’s a charitable deduction or not. But the studies that have measured the potential impact of the loss of that deduction have shown that that effect will be dramatic and will result in people being deprived of basic necessities,” noted Dr. Wright.

With this in mind, Dr. Wright is encouraging concerned Americans to act now – even amid the busyness of the Christmas season. Any later could be too late.

“If there’s anybody who is motivated to respond … and wants to do so, contact the Speaker of the House, John Boehner, and the Majority Leader of the Senate, Senator Harry Reid. Those are the two who will determine the shape of that legislation,” Dr. Wright stated.

“Any change to this is going to happen under the stewardship of these two men along with the President of the United States,” he added.

To hear the complete interview Dr. Wright had with WallBuilders Live!, click here.

Senate Majority Leader Harry Reid and Speaker of the House John Boehner can be reached by calling (202) 224-3542 and (202) 225-0600, respectively.

Published: December 20, 2012

Latest News

Mission Accomplished: Christians in Solidarity with Israel

“It feels like we are getting a great big hug!” That’s what the Israeli leadership said to us when we visited them last week.

NRB President & CEO Dr. Jerry A. Johnson to Participate in Values Voter Summit 2014

Dr. Jerry A. Johnson, President & CEO of NRB, will lead a powerful dialogue about recent attacks to our freedoms of religion and speech during next month’s Values Voter Summit in Washington, DC.

Hope for Hurting Hearts Continues to Touch Lives and Win Awards

Hope for Hurting Hearts, a documentary film produced by Harvest Ministries with Greg Laurie, recently added another distinction to its running list of awards and accolades – this time for Best Editing from the Pan Pacific Film Festival.

Pure Flix's God's Not Dead Tops Home Video Sales Charts

God’s Not Dead, a film from NRB member Pure Flix Entertainment, debuted earlier this month at No. 1 on the Nielsen Christian Videos sales chart and No. 2 on the Nielsen VideoScan First Alert sales chart, which tracks overall Blu-ray and DVD combined sales.

Do You Want to Highlight Your Organization in NRB Today - For Free?

We are soliciting descriptions about NRB members to feature in our weekly e-newsletter, NRB Today, and on the NRB website. If you are a member of NRB and are interested in being featured ...

NRBMLC Files Comments to DOJ on ASCAP and BMI Consent Decrees

The NRB Music License Committee (NRBMLC) filed comments with the U.S. Department of Justice last week in response to its plans to review the “consent decrees” that govern how the American Society of Composers, Authors and Publishers (ASCAP) and Broadcast Music, Inc. (BMI) license songs for public performance in the United States.

National Radio Day: A Look Back at the Early Days of Christian Broadcasting

When radio emerged as a public medium in the early 1920s, preachers were fascinated but cautious.

Christian Advocacy Group Protests Offensive Cartoon Network Program

The Christian Film & Television Commission® (CFTVC), an advocacy group promoting quality Christian entertainment, is organizing a protest against Black Jesus, the Cartoon Network’s new controversial program.

CBN’s Superbook Partners with Newton Media

Newton Media has been selected to partner with CBN’s Superbook to brand market their award-winning animated Bible series and build their continuity program via DRTV, barter syndication, and digital platforms.

4 FEBC Volunteers Martyred in Ukraine

Four young FEBC volunteers who were recently captured by pro-Russian separatists in Eastern Ukraine were brutally beaten to death simply for being Christians, according to a report from the organization last week.

More News