Charities Lobby Congress to Save Tax Deduction

3 years 4 months 4 weeks ago December 05, 2012 Dec 5, 2012 Wednesday, December 05 2012 Wednesday, December 05, 2012 12:06:00 PM CST in News
By: Jessi Turnure

WASHINGTON - Charitable giving representatives from mid-Missouri descended on Capitol Hill Wednesday to lobby Congress. They wanted to ensure any federal budget deal with the "fiscal cliff" does not eliminate or change the tax deduction for charities.

The coalition had more than 240 nonprofit organizations on Capitol Hill. One of these nonprofits was Partnership for Philanthropic Planning, based out of Indianapolis, Indiana. Its 2012 national chairman of the board is Columbia resident Michael Kateman, who represented the organization and lobbied for Missouri.

Kateman said the nonprofit organization representatives attended more than 200 meetings with the House of Representatives, Senate, and White House.

Kateman himself met with Republican Missouri Senator Roy Blunt, Republican Congressman Blaine Luetkemeyer, Democratic Senator Claire McCaskill and other Missouri politicians. Kateman said Blunt and Luetkemeyer told him they do not want to touch the tax deduction. McCaskill told Kateman she supports raising the top two tax rates rather than any caps on deductions.

According to Independent Sector, a lobbying group for nonprofits, there are almost 38,000 nonprofit organizations in Missouri, making up nine percent of Missouri's workforce (about 231,000 employees). Together, the nonprofits produce about $40 billion in annual revenues--the state charity foundations alone give $856 million annually to those in need.

According to a United Way survey, two out of three Americans at all economic levels want to preserve the tax deduction.

While the tax break has been targeted in the past, Kateman said the current pressure is unprecedented.

"Without the deduction, annual giving could drop by 36 percent. The Charitable Giving Coalition estimates a cap on deduction could cost charities as much as $7 billion."

Kateman said the charitable tax deduction does not only benefit the wealthy. He said households making $50,000 to $100,000 annually benefit just as much from the deduction.

The White House wants to end Bush-era tax cuts for the wealthiest Americans. Republicans in Congress want to raise revenues by cutting loopholes and entitlements. Both sides have mentioned a possible compromise would be capping the amount of income people can claim as a deduction for charitable giving. President Obama has advocated capping the charitable deduction at 28 percent for households making more than $250,000-- these households currently claim deductions as high as 35 percent.

A May 2011 report by the Congressional Budget Office estimated eliminating the deduction, based on current levels of charitable giving, would raise about $230 billion between 2010 and 2014.

More News

Grid
List
JEFFERSON CITY - Jurors heard testimony from three more people in the ongoing murder trial involving Paris Alexander-Henderson Thursday. ... More >>
54 minutes ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 12:10:00 PM CDT in News
SPRINGFIELD (AP) — Police said a woman is dead after a vehicle struck her as she was crossing a Springfield... More >>
2 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 10:53:15 AM CDT in News
ST. LOUIS (AP) - Illinois State Police are investigating after a St. Louis-area police officer shot a female suspect... More >>
2 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 10:39:01 AM CDT in News
COLUMBIA - The University of Missouri announced Thursday the Thompson Foundation pledged $3 million to the MU School of Medicine... More >>
2 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 10:20:00 AM CDT in Continuous News
KANSAS CITY (AP) — Police said Thursday a man was killed in a Kansas City shooting. The Kansas City... More >>
4 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 8:37:00 AM CDT in News
ST. LOUIS (AP) — A new program in St. Louis seeks to address the problem of abandoned properties by giving... More >>
5 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 7:31:00 AM CDT in News
JEFFERSON CITY - Hundreds of Shelby Mustangs gathered in Jefferson City Thursday to mark the beginning of the tenth anniversary... More >>
6 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 6:37:00 AM CDT in News
JEFFERSON CITY - The Jefferson City Police Department said early Thursday it arrested a person after a shots fired incident... More >>
7 hours ago May 05, 2016 May 5, 2016 Thursday, May 05 2016 Thursday, May 05, 2016 5:08:00 AM CDT in News
JEFFERSON CITY - A trial started Wednesday for a Jefferson City who man police say confessed to a murder a... More >>
17 hours ago May 04, 2016 May 4, 2016 Wednesday, May 04 2016 Wednesday, May 04, 2016 7:15:00 PM CDT in News
COLUMBIA - MoDOT released a report showing the fatality rate during late-night hours is the highest it's been since 2012,... More >>
17 hours ago May 04, 2016 May 4, 2016 Wednesday, May 04 2016 Wednesday, May 04, 2016 7:12:00 PM CDT in News
JEFFERSON CITY — Missouri Representatives voted Wednesday to send a voter ID bill to Gov. Jay Nixon's desk. House... More >>
19 hours ago May 04, 2016 May 4, 2016 Wednesday, May 04 2016 Wednesday, May 04, 2016 5:51:00 PM CDT in News
TOPEKA, Kan. (AP) — Two Planned Parenthood affiliates have filed a federal lawsuit over Kansas' decision to cut off Medicaid... More >>
19 hours ago May 04, 2016 May 4, 2016 Wednesday, May 04 2016 Wednesday, May 04, 2016 5:34:03 PM CDT in News
CAPE GIRARDEAU (AP) — Two white southeast Missouri school officials who are being sued by a black teenager say in... More >>
20 hours ago May 04, 2016 May 4, 2016 Wednesday, May 04 2016 Wednesday, May 04, 2016 4:39:00 PM CDT in News
JEFFERSON CITY (AP) — Two-thirds of the Missouri House has voted to change how public union members pay dues, the... More >>
20 hours ago May 04, 2016 May 4, 2016 Wednesday, May 04 2016 Wednesday, May 04, 2016 4:36:04 PM CDT in News
JOPLIN (AP) — State agricultural officials say 39,000 turkeys at a southwest Missouri farm have been destroyed after avian flu... More >>
20 hours ago May 04, 2016 May 4, 2016 Wednesday, May 04 2016 Wednesday, May 04, 2016 4:27:58 PM CDT in News
ST. JOSEPH (AP) — Efforts are underway to reopen the old Tarkio College in northwest Missouri as a two-year institution.... More >>
20 hours ago May 04, 2016 May 4, 2016 Wednesday, May 04 2016 Wednesday, May 04, 2016 4:12:27 PM CDT in News
FERGUSON (AP) — Ferguson is seeking to replace a city prosecutor criticized by a federal probe of the St. Louis... More >>
20 hours ago May 04, 2016 May 4, 2016 Wednesday, May 04 2016 Wednesday, May 04, 2016 4:05:00 PM CDT in News
ST. LOUIS (AP) — Two police officers are among five people injured after fire broke out at a St. Louis... More >>
21 hours ago May 04, 2016 May 4, 2016 Wednesday, May 04 2016 Wednesday, May 04, 2016 4:01:39 PM CDT in News
Columbia, MO
Broken Clouds 63°
1pm 65°
2pm 66°
3pm 68°
4pm 69°

Select a station to view its upcoming schedule:

Coming Up Next

12:30p
Access Hollywood
1:00p
Days of Our Lives
2:00p
The Meredith Vieira Show
12:00p
Jerry Springer
1:00p
Maury
2:00p
Rules of Engagement

Tonight's Schedule

7:00p
Strong
8:00p
The Blacklist
9:01p
Game of Silence
7:00p
DC's Legends of Tomorrow
8:00p
The 100
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld