'Buffett Rule' Tax Bill Would Preserve Charitable Deduction - Government & Politics Watch - The Chronicle of Philanthropy- Connecting the nonprofit world with news, jobs, and ideas: Senate Democrats have introduced legislation to require the richest Americans to pay a minimum share of their income in taxes, but allow them to continue claiming a deduction for charitable giving.
The bill, introduced by Sen. Sheldon Whitehouse of Rhode Island, aims to put into effect the so-called “Buffett Rule” that was championed by President Obama in his State of the Union address.
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