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Deal leaves charities', NGOs' fears unresolved
Posted By -NO AUTHOR- On 01/03/2013 @ 12:32 am In Money,Politics,U.S. | No Comments
(Denver Post) The fiscal cliff agreement passed late last night extends some much-needed benefits and tax breaks, but looming spending cuts leave minority and poverty-stricken communities in limbo.
Leaders in the nonprofit community praised the bill’s handling of some aspects like the charitable-giving tax deduction. But in other areas, they said they felt it failed to support them, and by extension, left poverty-stricken Americans who depend on their services in a state of flux.
Though it would have put billions of dollars back in the budget, Congress voted this week to keep the charitable deduction with one change: The deal brings back a limit on how much taxpayers can deduct.
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