Friday, May 10, 2013
Ways and Means Committee Working Groups Report—Not Much There - NPQ - Nonprofit Quarterly
Ways and Means Committee Working Groups Report—Not Much There - NPQ - Nonprofit Quarterly: On February 13, 2013, just before an all-day hearing convened by the House Ways and Means Committee to rile up the entire nonprofit sector that the charitable deduction was in jeopardy, Committee chairman Dave Camp (R-MI) announced the creation of 11 working groups of committee members to examine issues connected to federal tax reform. The 568-page report issued by the task force, written by the staff of the Joint Committee on Taxation, includes a section on tax reform issues related to charities—the charitable deduction and more. We thought there might be specific recommendations coming from the task forces, conclusions about keeping the deduction as it is or capping it at President Obama’s 28 percent level or any of a number of alternatives. At least in this telephone book-sized document, it doesn’t appear that the task forces reached a specific conclusion about charities—or any conclusions at all.