Obama Plan Would Reduce Charitable Deduction for Some Wealthy Donors

The plan is an effort to “rebalance the tax code so that the wealthiest pay more,” the document says.

But the idea is raising concerns in the nonprofit world.

Sheldon Steinbach, a lawyer in Washington who represents colleges and universities, said the proposal comes at a time when many nonprofit groups are already facing decreased resources. As a result, the plan could have drastic consequences for many groups.