Wednesday, April 29, 2009

Charitable casino site outlawed in 2 votes | The Journal Gazette, Fort Wayne, Ind.

Charitable casino site outlawed in 2 votes | The Journal Gazette, Fort Wayne, Ind.: "INDIANAPOLIS – The House and Senate on Tuesday both approved a final version of a bill that will close a charity-run casino in Fort Wayne."

Friday, April 24, 2009

Charitable-Deduction Plan Remains Under Discussion, But Faces Competition - Philanthropy.com

Charitable-Deduction Plan Remains Under Discussion, But Faces Competition - Philanthropy.com: "Charitable-Deduction Plan Remains Under Discussion, But Faces Competition

Sen. Max Baucus, chairman of the Senate Finance Committee, said today that President Obama’s proposal to curb tax breaks for charitable deductions remains on the table as one way to pay for changes to the health-care system, but it will compete with other ideas for raising money."

Thursday, April 23, 2009

Our view on rewarding the well-born: What deficits or wealth gap? Congress eyes estate-tax cut - Opinion - USATODAY.com

Our view on rewarding the well-born: What deficits or wealth gap? Congress eyes estate-tax cut - Opinion - USATODAY.com: "Our view on rewarding the well-born: What deficits or wealth gap? Congress eyes estate-tax cut
This is no time to reduce rates for richest slice of U.S. society.

In recent weeks, members of Congress from both parties have expressed righteous indignation over bonuses paid to wealthy executives at some financial institutions. Many lawmakers have also deplored the ballooning federal deficit."

Missouri House approves bill loosening state rules on bingo game operators | Markets | Market News | Canadian Business Online

Missouri House approves bill loosening state rules on bingo game operators | Markets | Market News | Canadian Business Online: "EFFERSON CITY, Mo. (AP) - Missouri would drop or loosen many of its bingo regulations under legislation approved Wednesday by the House that critics claimed amounts to an expansion of legalized gambling.

More than 300 charitable and fraternal organizations currently are allowed to run bingo games in Missouri so long as they follow numerous rules."

Thursday, April 16, 2009

No estate taxes at all in 2010? Don't bet on it. - Managing Your Money - Boston.com

No estate taxes at all in 2010? Don't bet on it. - Managing Your Money - Boston.com: "When will the new exemption amount be announced or voted on? That is still unclear but keep an eye on a bill introduced by Senator Max Baucas, the top tax writer in the Senate. Something will have to be decided by the end of this year and hopefully it will be this summer or early fall so people can begin to plan accordingly."

Harry Moroz: The Middle Estate

Harry Moroz: The Middle Estate: "At the beginning of the month, Senator Blanche Lincoln, Democrat of Arkansas, sponsored an amendment to the Senate's budget plan that was designed to provide 'estate tax relief'. In essence, the amendment would increase the exemption from the estate tax to $5 million (it is currently $3.5 million) and lower the maximum rate to 35% (it is currently 45%). President Obama proposes to maintain the current estate tax structure, but index the exemption for inflation."

Monday, April 06, 2009

Ohio charity challenges asset freeze - UPI.com

Ohio charity challenges asset freeze - UPI.com: "WASHINGTON, April 6 (UPI) -- A U.S. court is set to hear a challenge to a law allowing the government to freeze assets of charities suspected of helping terrorists, observers say."

Friday, April 03, 2009

Wednesday, April 01, 2009

The NonProfit Times - The Leading Business Publication For Nonprofit Management

NPTIMES OPINION

The NonProfit Times - The Leading Business Publication For Nonprofit Management: "Opinion

Destroying The Integrity Of Nonprofits

The recently passed so-called stimulus law contains dire threats of which most Americans are unaware. The law, containing untold billions for nonprofits, vastly lubricates an already slippery slope that will destroy the independence and integrity of America's nonprofit sector.
Under the legislation, our country's vast network of nonprofit organizations -- groups that serve our spiritual needs, help mitigate poverty, care for seniors and disabled veterans, and work to cure disease -- would become increasingly dependent on the government, and increasingly subject to the whims of the party in power. Unfortunately, this is neither the first nor the last step."

Protect Deduction for Charitable Giving - Black Hills South Dakota News & Video Headline on Black Hills Today

Protect Deduction for Charitable Giving - Black Hills South Dakota News & Video Headline on Black Hills Today: "By Territory Media

Thune Introduces Amendment to Protect Deduction for Charitable Giving

--Thune’s Effort to Increase Charitable Giving Draws Praise from Charities, Nonprofits--

“Private charities provide essential services to the most vulnerable people in society, especially when times are tough,” said Thune."