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Home | National Council of Nonprofits: The co-chairs of the Joint Select Committee on Deficit Reduction announced in a joint statement on November 21 that the Supercommittee of Congress was unable to reach agreement on a package of spending cuts, tax increases, and entitlement reforms to generate $1.2 trillion in deficit reduction, as mandated by the Budget Control Act passed last August. This means that the immediate threat to the charitable giving incentive will fade with the Supercommittee – Congress will not vote by December 23 on an un-amendable package of tax reforms that radically changes the way the work of