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Thune, Wyden lead bipartisan group for maintaining the Charitable Tax Deduction

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Charitable tax deductions
Charitable tax deductions

Washington, D.C. - (KELO-AM)  U.S. Senators John Thune (R-S.D.) and Ron Wyden (D-Ore.), members of the tax-writing Senate Finance Committee, today led a bipartisan group of senators in a letter to Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Orrin Hatch (R-Utah) underscoring the importance of maintaining the charitable tax deduction as the committee considers comprehensive tax reform.

The senators write, “The charitable deduction is unique. It is the only provision that encourages taxpayers to give away a portion of their income for the benefit of others. For this reason, it is not a loophole, but a lifeline for millions of Americans in need.”

Thune and Wyden were joined by Senators Roy Blunt (R-Mo.), John Boozman (Ark.), Barbara Boxer (D-Calif.), Dan Coats (R-Ind.), Thad Cochran (R-Miss.), Susan Collins (R-Maine), Kirsten Gillibrand (D-N.Y.), Heidi Heitkamp (D-N.D.), Dean Heller (R-Nev.), Mazie Hirono (D-Hawaii), John Hoeven (R-N.D.), Jim Inhofe (R-Okla.), Tim Johnson (D-S.D.), Mark Kirk (R-Ill.), Amy Klobuchar (D-Minn.), Carl Levin (D-Mich.), Edward Markey (D-Mass.), Barbara Mikulski (D-Md.), Jerry Moran (R-Kan.), Lisa Murkowski (R-Alaska), Bill Nelson (D-Fla.), Jim Risch (R-Idaho), Pat Roberts (R-Kan.), Brian Schatz (D-Hawaii), Charles Schumer (D-N.Y.), Tim Scott (R-S.C.), Jean Shaheen (D-N.H.), Debbie Stabenow (D-Mich.), Mark Udall (D-Colo.), David Vitter (R-La.), and Roger Wicker (R-Miss.). 

 

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