Healthcare Reform and Charitable Giving
There’s been a lot of talk about Healthcare reform recently. But did you know that it could possibly affect the tax benefits of charitable contributions?
During the next few days the Senate Finance Committee will consider amendments to America’s Healthy Future Act of 2009, the bill crafted by Finance Committee Chairman, Max Baucus (D-MT). As many as 23 of these amendments propose a cap on charitable deductions as a way to pay for healthcare reform. Changes to the the tax benefits of charitable giving could not only negatively impact our ability to provide services to those in need, but it could also set a precendent for taking such actions in the future to further lower the cap on chartiable deductions.
The current proposal does not include a cap on charitable deductions. You can help us keep it that way by letting Senator Jim Bunning know that you oppose any Senate Finance Committee amendments that cap the charitable deduction.
You can contact Senator Bunning at (202) 224-4343 or by visiting his site and filling out the contact form.
To learn more about the bill and the amendments the Senate Finance Committee will consider, click here.
photo credit: ANVAR-RUSSIANTEXAN