Taxes: Thune-Wyden Letter Aids Bid to Save Charitable Deduction

Opponents of President Barack Obama’s proposed cap on charitable deductions say they have gotten a boost from a bipartisan letter by two Senate Finance Committee members that urges maintaining the tax break. Senators John Thune, a South Dakota Republican, and Ron Wyden, an Oregon Democrat, composed their letter last week and intend to deliver it to leaders of the Finance panel, Bloomberg BNA reports, as debate heats up revising the U.S. tax code.