Charities React to the Charitable Reforms/Incentives
by Guest Blogger, 8/2/2006
From BNA:
The big fear had been that all the incentives in H.R. 4 might disappear and there would only be reforms left, United Way Public Policy Director Patrick Lester told BNA July 31.
"We were in danger of seeing most of these charitable provisions be used to offset tax cuts for the business community, rather than coming back to charities in any way." Because the reforms raise revenue, they could have been used for other purposes, but Senate Finance Committee Chairman Charles Grassley (R-Iowa) insisted on pumping any gains back into the charitable incentives.
