Changing the Charitable Deduction Could Discourage the Most-Generous Donors

It is now obvious to most Americans that the nation faces unprecedented economic challenges as the gap continues to grow between the amount federal and state governments spend and the amount they collect in taxes.

With growing political consensus on the need to reduce the deficit, it is no longer a question of “if” the country will overhaul how it approaches taxing and spending; it is only a question of when and how we decide to put our nation’s fiscal house in order.

Read more at the Chronicle of Philanthropy website