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Senators issue bipartisan call to restore donors’ tax breaks

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By DAN PARKS of The Chronicle of Philanthropy
Chronicle of Philanthropy

Both Democratic and Republican lawmakers called Thursday for restoring the charitable deduction for donors who don’t itemize their taxes, a priority for nonprofits nationwide, but a key senator was noncommittal on the question of whether to support legislation designed to boost payout from foundations and donor-advised funds. “The charitable deduction is a lifeline, not a loophole,” said Sen. Ron Wyden, a Democrat from Oregon, who said there would be bipartisan support for renewing and expanding the deduction. He made his comment at a hearing of the Senate Finance Committee, which he chairs. Sen. James Lankford, a Republican from Oklahoma, echoed that call, saying he was “passionate” about expanding the charitable deduction.

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