Washington, DC (July 17, 2013) — A coalition of national faith-based charities this week will urge Senate leaders to preserve tax deductions on charitable donations. They are meeting in response to the plan announced by U.S. Senate Finance Committee Chair Max Baucus (D-MT) to develop a tax reform bill by starting with zero tax breaks: no mortgage-interest deduction, no special tax treatment for corporate perks, no deduction for charitable contributions, etc.
This means tax incentives for donating cash and non-cash gifts to charities will not be in the committee’s tax reform plan unless U.S. senators ask for the charitable deduction and other tax incentives to be put in the bill. Charitable leaders argue that the loss of the deduction will adversely affect churches, foreign missions and charities serving the poor and vulnerable in the United States and internationally. Senators have been asked to submit their proposals to the Finance Committee by Friday, July 26.
The Faith and Giving Coalition — which includes World Vision, The Salvation Army, National Christian Foundation, National Association of Evangelicals, and Association of Gospel Rescue Missions — will be carrying the message directly to senior members of the U.S. Senate Finance Committee. Executives will be available for interviews between 11:15 a.m. - 11:45 a.m. in Dirksen Senate Office Building.
|Thursday, July 18, 2013, 11:00 a.m. EDT|
|Dirksen Senate Office Building|
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About World Vision
World Vision is a Christian relief, development, and advocacy organization dedicated to working with children, families, and their communities worldwide to reach their full potential by tackling the causes of poverty and injustice. For more information on their efforts, visit WorldVision.org/press or follow them on Twitter at @WorldVisionNews