Heard on the Web: White House Rethinks Tax Hikes

Heard on the Web: White House Rethinks Tax Hikes
News story posted in Executive by Marc Hoffman on 5 March 2009| 2 comments
audience: National Publication | last updated: 18 May 2011
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Summary

According to a report in The Wall Street Journal, President Obama is open to revising his proposed plan to cap breaks on mortgage interest and charitable donations.
Published in Mar 2009

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Click here to go the Wall Street Journal online.

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Submitted by Marc Hoffman on Wed, 03/11/2009 - 18:10

Rangel to Hold Hearings

HW&M Chair Charles Rangal said on March 10th he is concerned about the effect of the itemized deduction cap on charities and plans to hold a hearings.
Submitted by Kathleen Bryan on Tue, 03/10/2009 - 00:54

Reducing Charitable Deductions

I don't understand why in the discussions about this new proposed cap no one has mentioned that chartiable deductions are already limited by the 30% and 50% of AGI annual limitations? How many of us have calculated for a donor how much they can give this year and be able to fully use the deduction over the 6 year period? This has been a driver for how much was given in many CRTs where I was the planner. Kathleen Bryan

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