Monday, September 08, 2008

Paying It Forward — and Back - Philanthropy.com

From The Chronicle of Philanthropy

Paying It Forward — and Back - Philanthropy.com: "But Mr. Becerra, a member of the Ways and Means Committee, which oversees tax issues, regularly zeroes in on a government expense that has huge implications for nonprofit groups — the charitable tax deduction.

The tax break, he says, costs the federal treasury billions of dollars — an estimated $44-billion this year — and the government needs to be sure it is getting its money's worth."

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