Cap On Deductions Proposed Again

Cap On Deductions Proposed Again

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The president is required to submit a budget proposal to Congress, which he has done, but it’s “not really going anywhere in terms of being adopted as presented,” said Tim Delaney, president and CEO of the National Council of Nonprofits in Washington, D.C. “This is an election year, Congress passed in December a unique budget for both setting limits for both the current fiscal year and 2015, so we really don’t see this moving forward,” Delaney said.

“The federal government, for better or worse at this moment, is incapable of really acting,” Delaney said, while states are very active, with some enacting caps on tax deductions have impacted giving. “It illustrates the importance of what’s happening at the state level,” he said.

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The NonProfit Times
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