Last week, I had the privilege of leading a diverse group of advocates from across the spectrum of the charitable sector to congressional offices in support of the Charitable Giving Coalition’s “Protect Giving – D.C. Days.”
You cannot escape talk of the oft-mentioned “fiscal cliff” and the looming lethal combination of major federal spending reductions (sequester) and expiring tax cuts (Bush-Obama tax extensions) set to take effect in January 2013.
“Protect Giving – D.C.” is an ongoing attempt to raise the direct policy concerns of the nation’s charitable sector and the possible devastating effect that last-minute negotiations to thwart the cliff may have on the tax policies around contributions to charity.
Needed: Federal Revenue
I warned in a previous post last June that the resulting mess that occurred after the failed “supercommittee” and debt limit deals of 2011 would probably complicate the bargaining positions of President Barack Obama and the U.S. Congress as they struggle to forge an agreement to spare us some of the pain.
I hate to be right on this one…currently, they are at loggerheads on how to get more money returning to the federal coffers and avert the cliff. Read the rest of this entry »