Charities Lobby Congress to Save Tax Deduction

5 years 4 months 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
COLUMBIA - U.S. Rep. Vicky Hartzler, R- Harrisonville announced the winner of her annual congressional art competition Saturday afternoon. ... More >>
5 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 4:29:00 PM CDT April 21, 2018 in News
COLUMBIA - Community members took laps around the MizzouRec Saturday to raise money for Relay For Life of Mizzou’s main event,... More >>
6 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 3:14:00 PM CDT April 21, 2018 in News
LAKE OZARK - For the past five years, Osage Heritage Elementary has hosted a Color Run to raise funds for the... More >>
8 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 1:29:00 PM CDT April 21, 2018 in News
CLAYTON (AP) — A former St. Louis-area teacher will be on five years of probation for having sex with a... More >>
13 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 8:43:59 AM CDT April 21, 2018 in News
UNIVERSITY CITY (AP) — A former St. Louis-area day care teaching assistant has been found guilty of molesting a 5-year-old... More >>
13 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 8:40:09 AM CDT April 21, 2018 in News
JEFFERSON CITY -- Firefighters responded to a structure fire in the 100 block of E. Ashley St. at 11:08 p.m.... More >>
15 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 6:27:00 AM CDT April 21, 2018 in News
JEFFERSON CITY (AP) — Missouri legislators approved numerous changes Thursday to local elections, including allowing voters to request absentee ballots... More >>
16 hours ago Saturday, April 21 2018 Apr 21, 2018 Saturday, April 21, 2018 5:27:13 AM CDT April 21, 2018 in News
MILLER COUNTY - Casey Shoemate, a 26-year-old Miller County sheriff's deputy, died Friday night after colliding head-on with another vehicle... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 10:05:00 PM CDT April 20, 2018 in News
COLUMBIA- Retailer Sears will close its Columbia Mall store this summer because the location has become unprofitable. Sears Director... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 8:46:00 PM CDT April 20, 2018 in News
COLUMBIA- A local non-profit organization, Columbia Access Television, hosted a 24-hour film contest that started Friday at 5:30 pm. ... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 7:13:00 PM CDT April 20, 2018 in News
LAKE OZARK - Community members are coming together to help a family who lost their children in a fire get... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 7:10:00 PM CDT April 20, 2018 in News
COLUMBIA – As more and more fraternities face misconduct charges across the nation, the Greek community of MU is looking... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 6:13:00 PM CDT April 20, 2018 in News
ST. LOUIS - Gov. Eric Greitens is remaining defiant in the face of a new felony charge. On... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 5:45:00 PM CDT April 20, 2018 in News
COLUMBIA - Children filled school gymnasiums across Columbia for the second day of the Unbound Book Festival. The festival showcases... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:42:00 PM CDT April 20, 2018 in News
COLUMBIA - April 20 marks the day of the Columbine school shooting, which claimed 13 lives. The Columbia Missouri... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:26:00 PM CDT April 20, 2018 in News
COLUMBIA - A potential fire station project on an annexed lot in southwest Columbia could lead to quicker response times... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:21:00 PM CDT April 20, 2018 in News
JEFFERSON CITY - After the deadly fire in Lake Ozark, officials from the Division of Fire Safety are working to... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 3:01:00 PM CDT April 20, 2018 in News
JEFFERSON CITY - For 13 years, Rhonda Harper has been at the helm of Lincoln University's "Marching Musical Storm." ... More >>
1 day ago Friday, April 20 2018 Apr 20, 2018 Friday, April 20, 2018 2:26:00 PM CDT April 20, 2018 in News
Columbia, MO
Broken Clouds 59°
11pm 58°
12am 57°
1am 55°
2am 55°