Charities Lobby Congress to Save Tax Deduction

5 years 11 months 1 week 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
MONROE COUNTY - The Missouri State Highway Patrol is looking for a 23-year-old woman from St. Louis. A park... More >>
1 hour ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 5:39:00 PM CST November 13, 2018 in News
KANSAS CITY (AP) — Jackson County Prosecutor Jean Peters Baker says her office will not prosecute most marijuana possession cases.... More >>
3 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 3:19:43 PM CST November 13, 2018 in News
COLUMBIA – After several years of legal battles that culminated in $884,000 worth of legal fees, Trinity Lutheran Church celebrated... More >>
5 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 1:46:00 PM CST November 13, 2018 in News
COLUMBIA - Two men were arrested and charged with second-degree burglary and stealing from Lange Middle School in Columbia. ... More >>
5 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 1:29:00 PM CST November 13, 2018 in News
FULTON - A woman said she plans to hire a lawyer to investigate an incident at Bush Elementary School in... More >>
5 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 1:16:00 PM CST November 13, 2018 in News
JEFFERSON CITY - The Jefferson City Catholic Church's leader said Tuesday he wanted to set a code of conduct for... More >>
8 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 10:40:00 AM CST November 13, 2018 in News
JEFFERSON CITY, Mo. (AP) — Missouri Gov. Mike Parson on Tuesday named fellow Republican state Treasurer Eric Schmitt to replace... More >>
8 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 10:29:00 AM CST November 13, 2018 in News
POPLAR BLUFF (AP) — A southern Missouri school district has suspended a teacher who oversaw a class presentation in which... More >>
8 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 9:59:39 AM CST November 13, 2018 in News
(CNN) -- After running a year-long competition that drew interest from hundreds of cities and a number of states, Amazon... More >>
9 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 9:31:36 AM CST November 13, 2018 in News
COLUMBIA – New federal guidelines stress that any type of physical activity helps improve health. The new guidelines are... More >>
11 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 7:15:00 AM CST November 13, 2018 in News
AUDRAIN COUNTY – The Missouri State Highway Patrol reported one woman was killed Monday after a weather-related crash on Highway... More >>
12 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 6:10:00 AM CST November 13, 2018 in Top Stories
COLUMBIA - Boys and Girls Clubs of Columbia will unveil a newly-renovated room and bus devoted to hands-on STEM education... More >>
15 hours ago Tuesday, November 13 2018 Nov 13, 2018 Tuesday, November 13, 2018 3:21:00 AM CST November 13, 2018 in News
COLUMBIA- Sports journalist Jemele Hill gave her perspective on sports and politics at the University of Missouri’s campus on Monday.... More >>
20 hours ago Monday, November 12 2018 Nov 12, 2018 Monday, November 12, 2018 10:21:00 PM CST November 12, 2018 in News
COLUMBIA - In the past five days Columbia has broken three records, two for daily snowfall and one for a... More >>
21 hours ago Monday, November 12 2018 Nov 12, 2018 Monday, November 12, 2018 9:22:00 PM CST November 12, 2018 in Weather
BALTIMORE - Jefferson City Bishop Shawn McKnight responded to the U.S. Catholic bishops abruptly postponing plans Monday to vote on... More >>
23 hours ago Monday, November 12 2018 Nov 12, 2018 Monday, November 12, 2018 7:48:00 PM CST November 12, 2018 in News
JEFFERSON CITY – The slowest mode of transportation is making its way up and down the Missouri River progressively. ... More >>
23 hours ago Monday, November 12 2018 Nov 12, 2018 Monday, November 12, 2018 7:07:00 PM CST November 12, 2018 in Top Stories
COLUMBIA - The MU School of Medicine partnered with Columbia-based Global First Responder to provide health care services to patients... More >>
23 hours ago Monday, November 12 2018 Nov 12, 2018 Monday, November 12, 2018 7:07:00 PM CST November 12, 2018 in News
1 day ago Monday, November 12 2018 Nov 12, 2018 Monday, November 12, 2018 6:37:00 PM CST November 12, 2018 in Weather
Columbia, MO
Broken Clouds 23°
7pm 26°
8pm 24°
9pm 23°
10pm 22°