- Obama’s regulatory agenda will cost U.S. economy $143B next year: report
- Patriot Act author on James Clapper: Fire, prosecute him
- Russia P.M. Medvedev: No amnesty for political prisoners
- Michigan GOP Senate hopeful reminds government is the ‘servant’
- Christmas, by Congress: Members mull a 15-cent tax on trees
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- World mourns Nelson Mandela and celebrates his life; burial set for Dec. 15
- Bill O’Reilly reminds: Nelson Mandela ‘was a communist’
- John Boehner says GOP should support gay candidates: ‘I do’
- Grass-Whopper: Pan-fried cricket burgers go over big in New York City
Inside Politics: CEO changes remark on Obama to ‘fascism’
Question of the Day
“The charitable deduction incentive is different than any other deduction or credit in the tax code,” said Sandra Swirski, executive director of the Alliance for Charitable Reform, which lobbies on behalf of donors and private foundations. The deduction encourages people to give away income, while other deductions and credits encourage people to buy things they can then write off, she noted.
Charitable giving in the U.S. increased in 2010 and 2011, according to the latest data. But it has yet to fully return to prerecession levels, according to data from the Giving USA Foundation and the Indiana University School of Philanthropy.
Charitable giving by individuals, foundations and corporations topped $298 billion in 2011. In 2007, it was $337 billion, in inflation-adjusted dollars.
• From wire dispatches and staff reports
- Bill OReilly reminds: Nelson Mandela was a communist
- 'Hunger Games' delivers Obama's message on income inequality
- Spike in battlefield deaths linked to restrictive rules of engagement
- Colorado judge: Bakery owner discriminated against gay couple
- Kill team: Obama war chiefs widen drone death zones
- Rush Limbaugh: Obama trying to make Mandela death about himself
- Obama administration issues permits for wind farms to kill more eagles
- Inside China: Nuclear submarines capable of widespread attack on U.S.
- Obamas call to close Vatican embassy is 'slap in the face' to Roman Catholics
- MILLER: Obamacare enrollees include 101 members of the House of Representatives
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