The Chronicle of Philanthropy reported that the federal budget plan released Thursday by Senate Democrats calls for new limits on how much wealthy taxpayers can lower their tax bills through itemized deductions, including those taken for charitable donations. Read More
On February 14, 2013, Vikki N. Spruill (President and CEO of the Council on Foundations) provided testimony to the US House of Representatives Committee on Ways and Means hearing on "Tax Reform and Charitable Contributions". Attached is Ms. Spruill's actually testimony.