In response to a call for input on tax reform from Chairman of the Senate Finance Committee Orrin Hatch (R-UT), the Council submitted comments on behalf of our members detailing our position on a number of tax policy issues that will impact philanthropy and charitable giving. Highlights from these comments include:
- An explanation of the importance for maintaining the full scope and value of the charitable deduction;
- Details for a proposal to extend the charitable deduction to all taxpayers, regardless of whether they itemize or tax the standard deduction; and
- A position of support for including the provisions in the CHARITY Act in any legislation put forward to overhaul the tax code.