Tax Reform and Philanthropy (II)

Whether and how to reform the tax code—perhaps in some quite basic ways—is a question very much on the table these days in Washington, thanks to a recent push by Senators Max Baucus and Orin Hatch of the Senate Finance Committee to require justification for any and all tax deductions. It’s a question pertaining to philanthropy and those groups which rely on it; the nation’s vital $300 billion in annual charitable giving is fueled in no small part by the tax deduction for charitable giving.

http://www.forbes.com/sites/howardhusock/2013/07/16/tax-reform-and-philanthropy-ii/