As we tweeted last week, the House voted to hold Lois Lerner in contempt of Congress. The vote was largely along party lines, with six Democrats voting with the Republicans. Lerner has now joined an exclusive list of government officials held in contempt of Congress by congressional committees for refusing to cooperate with congressional investigations. …
Posts Tagged: Congress
The “Buffet Rule” Preserves Charitable Giving Incentive
If you heard President Obama mention the “Buffet Rule” during his State of the Union address last week and worried whether the incentives for charitable giving would also be restricted, we now know that they will not. On February 1, Senate Democrats introduced the first proposed rule mirroring the Buffet Rule, officially named the “Paying …
The Congressional Attack on Non-Profits Continues
Congress eliminates disaster recovery aid for PBS stations
Deficit Commission to Congress: “Eliminate the Charitable Deduction”
Among the recommendations of the President’s National Commission on Fiscal Responsibility and Reform is to eliminate the deduction for charitable contributions. While the report did not receive sufficient votes to require an up-or-down vote in Congress, this recommendation did catch the attention of Congress and, apparently, the White House. This is one of many issues …
Proposal to Balance the Federal Budget on the Backs of Charities…
The co-chairs of President Obama’s deficit commission released a proposal this past Wednesday that threatens to limit tax breaks for charitable donations. According to the a recent article in the Chronicle of Philanthropy (http://bit.ly/lfnp133j), the committee co-chairs feel that limiting the tax breaks on charitable donations is a possible way to curtail the nation’s budget …