Washington Snapshot - July 11, 2013
Up on Capitol Hill . . .
Tax Reform
Should a newly reformed tax code raise more revenue than the old tax code?
Discussion this week has centered on whether tax reform will be revenue raising (the position reflected by Senate Finance Committee Chair Max Baucus) or revenue neutral (reflected by…
Charitable Giving
Issue
The charitable deduction is a tax provision which allows individuals to reduce their taxable income by the total amount of charitable contributions they made in that tax year (with some limitations, depending of the type of gift—i.e. cash, stocks, property—or the type of organization…
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