WHERE WE STAND
More Giving, Less Taxing
President Obama's tax plan will hurt the very people he's trying to help.
A Christianity Today editorial | posted 5/14/2009 08:54AM

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- assets under charitable control increased by 210 percent.
The IRS's findings mean that the charitable, tax-exempt sector is just about the brightest spot in the $14 trillion American economy. Americans love to give. In 2007, giving increased by 4.5 percent, nearly twice the growth rate of the national economy.
Part of Obama's tax plan, unfortunately, seems to forget what charities do: provide services to the homeless, the drug-dependent, the jobless, and the frail elderly. We should encourage lawmakers to maintain a tax policy that motivates all donors to give and charities to grow their programs and strengthen their community relationships. Here are three ways the U.S. government can accomplish this:
- Make it easier for taxpayers, in all income brackets, to itemize charitable donations by amending federal tax forms (60 percent of taxpayers currently do not itemize their donations).
- Require large IRS-registered charities to publicly release more detailed financial information, such as their annual audits.
- Set stronger national standards through IRS regulation to ensure that charities' boards are independent and publicly accountable.
Each of these steps provides giving incentives for donors, strengthens donor trust, and positions charitable organizations as valued resources for all Americans.
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Related Elsewhere:
Christianity Today has more editorials on our site.
More articles on giving include:
Church Giving Outlook: You've Got Some Time | Research shows that members' contributions stay steady through first years of recession. (October 16, 2008)
The Not-for-Profit Surge | Even in tough times, your favorite charities are doing better than anyone expected. (May 1, 2009)
Scrooge Lives! | Why we're not putting more in the offering plate. And what we can do about it. (December 5, 2008)
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