More problems for charities, not only has the government talked about cutting their subsidies, now there is talk about capping the amount of deductible charitable donations per household. See this by Michael Cohn in AccountingToday:
http://www.accountingtoday.com/news/Congress-Considers-Cap-Charitable-Deductions-65709-1.html
This could be a giant mistake; without charitable intervention in a lot of situations, who is going to help some of these people. Maybe the Government will take that over too!
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