Friday, February 25, 2011

Religious Groups Fight for Tax Deductions - News

Religious Groups Fight for Tax Deductions - News: "Many religious nonprofits, which supplement their budgets heavily with donations from wealthy donors, are concerned that reducing the tax write-offs for charitable donations will cause a decrease in giving, said Diana Aviv, the president and CEO of Independent Sector, a coalition of nonprofit organizations.

'The question is, 'Do tax incentives work, do they stimulate more money than they cost?'' Aviv said, 'Experts estimate that this proposal could reduce charitable giving by $7 billion dollars.'"

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