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  • 12.20.2012 Charitable Giving - Final

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    InterAction
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    The charitable tax deduction is crucial in helping meet the needs of the poor. Eliminating or limiting the deduction would harm the very people who need the most help. "The tradition of charitable giving is American to its core. We should not deter this custom," says worthington.

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    The charitable tax deduction is crucial in helping meet the needs of the poor. Eliminating or limiting the deduction would harm the very people who need the most help. "The tradition of charitable giving is American to its core. We should not deter this custom," says worthington.

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    65 views1 page

    12.20.2012 Charitable Giving - Final

    Uploaded by

    InterAction
    The charitable tax deduction is crucial in helping meet the needs of the poor. Eliminating or limiting the deduction would harm the very people who need the most help. "The tradition of charitable giving is American to its core. We should not deter this custom," says worthington.

    Copyright:

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    of 1

    Dec.

    20, 2012

    www.interaction.org

    Contacts: Sue Pleming: 202.552.6561 or 202.341.3814 (Cell) or spleming@interaction.org Jeanne Paradis: 202.552.6535 or 202.297.1696 (Cell) or jparadis@interaction.org

    Charitable tax deductions crucial in helping meet the needs of the poor
    WASHINGTON (Dec. 20, 2012) As Congress debates the upcoming fiscal cliff, InterAction President and CEO Samuel A. Worthington released the following statement regarding a possible threat to charitable tax deductions: During these difficult economic times, we must remain focused on helping our worlds poorest and most vulnerable. I am deeply concerned that eliminating or limiting the charitable tax deduction would harm the very people who need the most help. The more than 200 organizations that make up InterAction are out in the world every day feeding the poor and helping them to build better futures for themselves and their families. However, these organizations cannot do this work without the generosity of the American people. By harming the organizations designed to help those in need, people will suffer. While the charitable deduction does reduce government income, it does so in a way that actually triples its effectiveness: For every dollar that does not go to the U.S. government because of the charitable deduction, nearly $3 goes to a charity that helps the poor and the vulnerable. By continuing the deduction in its current form, the U.S. government gets a three-to-one investment in povertyreduction. The tradition of charitable giving is American to its core. We should not deter this custom.

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    InterAction is the largest alliance of U.S.-based nongovernmental international organizations, with more than 190 members. Our members operate in every developing country, working with local communities to overcome poverty and suffering by helping to improve their quality of life. To learn more visit our website. Connect with us on Facebook and Twitter.
    InterAction | 1400 16th St. NW, Suite 210, Washington D.C. 20036 | 202.667.8227 | ia@interaction.org

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