New Study Says Charities Could Lose Up to $3.2-Billion From Obama Tax Change
In another new study on President Obama’s proposal to limit the value of the charitable deduction, the Tax Policy Center has estimated that the change would depress giving from $1.7-billion to $3.2-billion a year.
That is less than the estimate of $2.9-billion to $5.6-billion offered in another study released this month.
C. Eugene Steuerle, a fellow at the Urban Institute, mentioned the new research in testimony he provided to a Senate Finance Committee hearing on Tuesday.
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%0D%0A%20%20That%20is%20less%20than%20the%20estimate%20of%20$2.9-billion%20to%20$5.6-billion%20offered%20in%20another%20study<%2Fa>%20released%20this%20month.%0D%0A<%2Fp>%0D%0A
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