Tax Reform Proposal Threatens Charities, by World News Service, at Baptist Press
"Charities could face dwindling donations if Congress adopts a new tax reform proposal introduced by Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee.
"Camp's long-awaited plan to overhaul the tax code, introduced last month, has received some positive reviews, but charitable organizations say it could cost them billions in donations.
"'I know Chairman Camp wants charitable giving to go up, [but] his discussion draft does not [promote] that," said David Wills, president of the National Christian Foundation (NCF). "It hurts charitable giving significantly.'"