Analysts: Giving by Wealthy Would Decline Slightly Under Obama Budget Proposal
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The Center on Budget and Policy Priorities said total charitable contributions would decline by about 1.3 percent, while the Center on Philanthropy at Indiana University calculated that overall giving would drop by 2.1 percent (PDF). The highest-income households would decrease giving by 4.8 percent, or $3.87 billion, the philanthropy center found.
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Philip Rucker
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