Posts Tagged: Federal budget

Proposal to Balance the Federal Budget on the Backs of Charities…

November 12, 2010 Posted by The Law Firm for Non-Profits, P.C. in Donations

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 …

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