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Charities fear flat-rate tax plans curb giving
U S tax-exempt groups warn flat tax proposals may redefine charity by limiting deductions and keeping status. Council on Foundations says donations could shrink. Independent Sector opposes loss of charitable deductions. IRS data show 851000 501 organizations exist. philanthropy totaled 53.6 billion in 1981, led by religious groups. A Senate Finance hearing is slated for September on the issue.
MENTIONED IN THIS ARTICLE
Newhouse News Service
Washington
U.S
John A. Idie
Council On Foundations
Congress
Council
Dennis DeConcini
D-Ariz
DeConcini
Alvin Rabushka
Robert E. Hall
Stanford University
Hoover Institution
California
Bill Bradley
D-N.j
Richard Gephardt
D-Mo
Bradley
Internal Revenue Service
IRS
Bob Smucker
United Way of America
Red Cross
Aetna Life and Casualty
Carnegie Foundation
National Center For Charitable Statistics
Alexandria
Smucker
Senate Finance Committee
Martin Feldstein
National Bureau of Economic Research
Cambridge
Mass