Obama Sticks to Charitable-Deduction Limits in New Budget Proposals

President Obama plans to stick to his proposal to cap the federal tax breaks wealthy people can get for itemized deductions, including charitable donations, when he submits the final piece of his budget plans on Monday, Peter Orszag, the White House budget director, confirmed.

Full-text article by Suzanne Perry is available via The Chronicle of Philanthropy, 5.9.09.