This week, charitable tax deductions and the important role they play in community service took the spotlight on Capitol Hill. This past Wednesday, Senator John Thune (R-SD), and Senator Ron Wyden (D-OR), wrote to the Senate Finance Committee to express their support for continuing the current tax deduction allowance for charitable donations. “We write to you to underscore the importance of protecting the full value and scope of the charitable deduction during a comprehensive rewrite of the tax code,” they explained in their letter. “Analysis has repeatedly shown that proposals to cut, cap, or limit the charitable deduction could cause charitable donations to decline by billions of dollars annually.”
Wednesday was also Project Giving Day for the Charitable Giving Coalition. More than 200 members met in Washington, DC, to speak with 150 congressional offices on behalf of non-profits, foundations and charitable organizations. In these talks, they highlighted the roles these groups fill in communities every day. Father Larry Snyder, President of Catholic Charities USA, spoke to the group about the importance of charity in our nation. “America has a remarkable tradition of giving back. It’s a reflection of our society’s values,” he said. “Our communities need policies that help encourage charitable giving, not discourage support of our neighbors in need.”
We at CCUSA support charitable tax deductions due to the critical role they play in allowing worthy organizations to continue their important charitable outreach in communities all across our nation. We urge you to contact your elected representatives and tell them you support them too.