< 1 min read
January 30, 2014
Howard Husock looks at Obama's State of the Union address: His "friendly overture" to philanthropy has hidden dangers of its own.
"Those concerned about the vitality and independence of America’s private philanthropy can take some solace from what President Obama did not say in his State of the Union address Wednesday night. He did not, for instance, as he did in regard to aspects of the corporate tax, call the charitable tax deduction a tax loophole that needed to be closed, because the wealthy are the ones who most often claim it. That sort of tax 'reform' would likely lead to a reduction of charitable giving in the billions of dollars." -- Howard Husock, Forbes