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 …
Posts Tagged: Budgets
Lawmakers Look To Cut NonProfit Salaries
Budgets are getting tightened or slashed from coast-to-coast. And lawmakers are looking at cutting the salaries and retirement compensation paid to the leaders of big nonprofits. According to the July 26, 2010, New York Times article, “Lawmakers Seeking Cuts Look at Nonprofit Salaries” by Stephanie Strom (http://nyti.ms/9leP6m), Senators on Capitol Hill are refusing federal grant …