Congress urged to preserve tax deduction for charitable giving
AHA News Now
Dec 7, 2012
The AHA today urged congressional leaders to preserve the charitable tax deduction as they work with the administration to resolve current deficit and tax reform issues. "Recent proposals to limit the federal tax charitable deduction will significantly reduce the level of philanthropic support to hospitals when they can least afford it," wrote AHA Executive Vice President Rick Pollack. "In a 2012 report, the rating agency Moody's maintains a negative outlook for U.S. not-for-profit hospitals and concluded that the outlook is expected to remain negative for at least the next several years. At the same time, Congress is debating additional cuts to hospital funding, which would cost jobs and jeopardize access to care.â€¦. As hospitals face new challenges to provide high-quality care to everyone who needs it, the support they find from generous members of the communities they serve is needed now more than ever. We urge you to continue to encourage private giving by excluding charitable giving from any limitations on deductions, thereby maintaining the existing federal tax charitable deduction."