Charities Lobby Congress to Save Tax Deduction

4 years 3 months 2 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
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 - The City Supplier Diversity Program and Shelter Insurance teamed up to host the Building Inclusive Partnership’s EXPO for... More >>
2 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 7:03:00 PM CDT in News
COLUMBIA - Dozens of people gathered at the ARC to voice their concerns over Governor Eric Greitens proposed budget cuts... More >>
2 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 6:55:00 PM CDT in News
EDWARDSVILLE, Ill. (AP) — A Missouri woman has been ordered to spend a quarter century in Illinois prison for killing... More >>
4 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 5:13:19 PM CDT in News
CLAYTON (AP) — A trial is underway in suburban St. Louis in the case of a mother accused of poisoning... More >>
4 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 5:10:12 PM CDT in News
OWENSVILLE (AP) — Authorities in east-central Missouri's Gasconade County say they're investigating as a homicide the death of a person... More >>
4 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 5:08:19 PM CDT in News
MEXICO - A middle school student was turned over to the Missouri Division of Youth Services Wednesday after Mexico Public... More >>
4 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 4:58:13 PM CDT in News
COLUMBIA – Missouri Vocational Rehabilitation held a public hearing in Columbia Wednesday to hear feedback on ways to improve services... More >>
5 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 3:39:00 PM CDT in News
COLUMBIA – The Secretary of State’s office has implemented an initiative called “ Show It 2 Vote, ” to educate... More >>
6 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 3:10:00 PM CDT in News
COLUMBIA - The Southeastern Conference and Mizzou athletics are mimicking the National Football League and its initiative to keep game... More >>
6 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 2:43:00 PM CDT in Sports
COLUMBIA - The president of the East Campus Majority Housing Association said Wednesday his group "lost" Monday night with the... More >>
7 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 2:17:00 PM CDT in News
COLUMBIA - Columbia police are now investigating a Tuesday night shooting as a homicide. Shamya Nichole Brimmage died Wednesday from... More >>
7 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 1:46:00 PM CDT in News
GLASGOW – The coroner’s inquest for Kenny Suttner brought questions about the potential liability for employers and schools in... More >>
8 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 1:20:00 PM CDT in Target 8
ST. LOUIS (AP) — The husband of a woman whose body was found near a St. Louis freeway two days... More >>
8 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 12:27:18 PM CDT in News
ST. GEORGE (AP) — Authorities say two people have been killed after a sport utility vehicle's driver who was headed... More >>
10 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 11:01:06 AM CDT in Continuous News
COLUMBIA - One woman is dead after she was shot Tuesday night in Columbia. Shamya Brimmage, 25, died at... More >>
10 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 10:41:00 AM CDT in News
COLUMBIA - Police made two additional arrests connected with Sunday morning's disturbance at the Eagle Stop on I-70. Columbia... More >>
11 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 10:16:00 AM CDT in News
MAYSVILLE (AP) — A suspended northwest Missouri teacher has been charged with sexual misconduct with 10 teenage students. Thirty-nine-year-old... More >>
12 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 8:40:00 AM CDT in News
KANSAS CITY (AP) — Authorities say a welder accidentally started a fire that spread from a suburban Kansas City apartment... More >>
14 hours ago March 22, 2017 Mar 22, 2017 Wednesday, March 22 2017 Wednesday, March 22, 2017 7:09:00 AM CDT in News
Columbia, MO
Broken Clouds 45°
10pm 46°
11pm 45°
12am 45°
1am 45°

Select a station to view its upcoming schedule:

Coming Up Next

9:00p
Chicago P.D.
10:00p
KOMU 8 News @ 10
10:35p
The Tonight Show Starring Jimmy Fallon
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld
10:00p
The King of Queens

Tonight's Schedule

7:00p
Blindspot
8:00p
Law & Order: Special Victims Unit
9:00p
Chicago P.D.
7:00p
Arrow
8:00p
The 100
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld