Wednesday, March 02, 2005

The Chronicle, 3/2/2005: Bush Administration Will Not Ask Congress to Pass a Giving Incentive Many Charities Sought

The Chronicle, 3/2/2005: Bush Administration Will Not Ask Congress to Pass a Giving Incentive Many Charities Sought: "Bush Administration Will Not Ask Congress to Pass a Giving Incentive Many Charities Sought
By Grant Williams
The Bush administration no longer supports legislation that would provide a charitable deduction to people who do not itemize their deductions on their tax returns because it decided Congress was 'not going to budge,' according to the White House.
About 70 percent of taxpayers currently do not itemize. Many charities have long been lobbying Congress to allow those taxpayers to deduct their charitable gifts because they expect that such a change would significantly increase donations to charity."

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