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The measure failed to include a new deduction for charitable contributions that would have contributed an extra $14.6 billion in gifts to religious groups that care for the poor.
The deduction for charitable contributions allowed the wealthy to continue making contributions from before-tax income.
One tax break that benefited both me and Mr. Romney is the deduction for charitable contributions.
For individuals, the tax would apply to gross income less only the deduction for charitable contributions.
I would go further and argue against most workplace calls for charitable contributions.
The deduction for charitable contributions is among the oldest and most popular in the tax code.
Increase the deduction for charitable contributions, and more money goes to the charities.
More tax breaks for charitable contributions are not a bad idea.
Instead, he must appeal for charitable contributions, as he did last week.
So are many tax deductions, from those for charitable contributions to mortgage interest, most of which disproportionately benefit the wealthy.
They're not asking for charitable contributions to achieve dignity in old age or selling hip replacements or corneal transplants.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com