9/22/14 – CGC Thanks Ryan in Letter for Comments Supporting Charitable Deduction
The Charitable Giving Coalition sent a letter to House Budget Committee Chairman Paul Ryan (R-WI) today thanking him for his comments supporting the value of the charitable deduction. Ryan has voiced support in recent interviews for avoiding a cap on the charitable deduction.
The coalition also reiterated concerns in the letter over proposed provisions in House Ways and Means Committee Chairman Dave Camp’s (R-MI) Tax Reform Act of 2014 that would implement a two percent floor on the charitable deduction, streamline adjusted gross income limitations, and require gifts of property to be evaluated according to basis instead of fair market value.