Charities Lobby Congress to Save Tax Deduction

5 years 1 month 2 weeks ago Wednesday, December 05 2012 Dec 5, 2012 Wednesday, December 05, 2012 12:06:00 PM CST December 05, 2012 in News
By: Jessi Turnure
loading

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, Mo. (AP) — More than 200 people gathered at Missouri's Capitol this weekend to celebrate the first year... More >>
58 minutes ago Sunday, January 21 2018 Jan 21, 2018 Sunday, January 21, 2018 3:19:27 PM CST January 21, 2018 in News
ST. LOUIS (AP) — The University of Missouri is using its Extension program to bring the faculty, research and students... More >>
4 hours ago Sunday, January 21 2018 Jan 21, 2018 Sunday, January 21, 2018 12:01:00 PM CST January 21, 2018 in News
COLUMBIA - The man wanted for his alleged involvement in the deadly New Year's Day Waffle House shooting has been... More >>
6 hours ago Sunday, January 21 2018 Jan 21, 2018 Sunday, January 21, 2018 9:54:00 AM CST January 21, 2018 in News
BOONVILLE - The gym filled with over 100 people roared with applause and laughter. In the gym, two-year-old Finn Shikles... More >>
17 hours ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 10:41:00 PM CST January 20, 2018 in News
ST. LOUIS (AP) — U.S. Sen. Claire McCaskill of Missouri was among a handful of Democrats in the Senate... More >>
21 hours ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 6:19:00 PM CST January 20, 2018 in News
COLUMBIA - Hundreds of Missourians gathered at the Boone County Courthouse Plaza Saturday to march 10 blocks with the intention... More >>
22 hours ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 5:20:00 PM CST January 20, 2018 in News
JEFFERSON CITY - One year ago, President Donald Trump was sworn into office, and on Saturday, supporters held a rally... More >>
23 hours ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 5:00:00 PM CST January 20, 2018 in News
ST. LOUIS - A CNN report that the FBI has opened an inquiry into Gov. Eric Greitens "would not be... More >>
1 day ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 4:05:00 PM CST January 20, 2018 in News
JEFFERSON CITY – A Jefferson City woman is encouraging people to lock their car doors after she caught a thief... More >>
1 day ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 3:42:00 PM CST January 20, 2018 in News
COLUMBIA - Members of the community met, adopted and played with cats and kittens Saturday at a Columbia pet store.... More >>
1 day ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 2:52:00 PM CST January 20, 2018 in News
JEFFERSON CITY (AP) — Missouri Gov. Eric Greitens said there was no blackmail or threatened violence in an extramarital... More >>
1 day ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 1:09:00 PM CST January 20, 2018 in News
KANSAS CITY, Mo. (AP) — Kansas City police have made an arrest in a double shooting that left a 46-year-old... More >>
1 day ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 12:49:41 PM CST January 20, 2018 in News
SEDALIA - The Pettis County prosecutor has issued a warrant for the arrest of a man in connection to the... More >>
1 day ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 12:33:00 PM CST January 20, 2018 in News
ST. LOUIS (AP) — Coyote sightings are becoming more frequent in the St. Louis area, and some are strolling down... More >>
1 day ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 10:37:36 AM CST January 20, 2018 in News
ST. LOUIS (AP) — The number of confirmed cases of chronic wasting disease in Missouri deer is up, but... More >>
1 day ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 10:26:00 AM CST January 20, 2018 in News
RICHMOND, Va. - The Federal Bureau of Investigation is asking for the public's help with identifying a serial robber called... More >>
1 day ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 9:59:00 AM CST January 20, 2018 in News
CHARITON COUNTY -- Alonzo Bernard Thorpe of Clark, Missouri was found guilty of eight counts of child molestation and two... More >>
1 day ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 7:38:00 AM CST January 20, 2018 in News
WASHINGTON (CNN) -- In the final moments leading up to Friday's midnight deadline, Senate Republicans and Democrats were unable to... More >>
1 day ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 5:00:00 AM CST January 20, 2018 in News
Columbia, MO
Broken Clouds 69°
5pm 66°
6pm 64°
7pm 58°
8pm 57°

Select a station to view its upcoming schedule:

Coming Up Next

4:00p
USSA Skiing and Snowboarding
5:00p
KOMU 8 News @ 5
5:30p
NBC Nightly News with Lester Holt
4:00p
Rules of Engagement
4:30p
Rules of Engagement
5:00p
The Goldbergs

Tonight's Schedule

7:00p
Little Big Shots
8:00p
Ellen's Game of Games
9:00p
Ellen's Game of Games
7:00p
Look Who's Talking
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Family Guy