The Council on Foundations - Charitable Reform Resource Center News
CARE Act Introduced in House and Senate
Today, Senators Rick Santorum (R-PA) and Joseph Lieberman (D-CT) and Representatives Roy Blunt (R-MO) and Harold Ford, Jr. (D-TN) introduced stand-alone charitable giving legislation in their respective chambers. Both bills would allow individuals to make tax-free contributions to charity from their IRAs and would allow non-itemizing taxpayers to take a charitable deduction.
On the House side, the Charitable Giving Act of 2005 is similar to legislation introduced by Representatives Blunt and Ford in the last Congress. In a statement released today, Blunt said, “In the wake of two back-to-back hurricanes, Americans are doing what Americans do best: helping one another. Our bill will help expand these charities’ base of resources, so they can continue to do the good work of helping the hungry, the sick, the addicted, and the elderly.” Representative Ford added, “At a time when our nation is in need of charity more than ever, the bill will empower Americans who have been desperate to help the victims of the recent devastation caused by the hurricanes.”
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