See a 2-part video of testimony and discussions before the Ways and Means Committee on “Tax Reform and Charities.” To get a sense of Ways and Means members’ views on the related policy issues, the first panel, with the following presentations, in order: myself; Kevin Murphy, Chair, Board of Directors of the Council on Foundations; David Wills, President of the National Christian Foundation; Brian Gallagher, President & CEO of United Way Worldwide; Roger Colinvaux, Professor of Catholic University DC Law School and adviser for the Tax Policy and Charities project at the Urban Institute; Eugene Tempel, Dean of the Indiana University School of Philanthropy; Jan Masaoka, CEO of California Association of Nonprofits. Copies of all testimonies can be found online.
See also our Tax Policy and Charities website for many related studies and data.
The first video begins after about 33 minutes of set up and administrative matters:
In addition, the Urban Institute will be hosting a conference on “The Charitable Deduction: A View from the Other Side of the Cliff” on Thursday, February 28, 2013. Registration is now open.
On January 3, 2013, the 113th session of the U.S. Congress opened with a fiscal cliff averted, but a country still stuck in a less-recognized fiscal bind.
In the first video of a three-part series, I explore one of the major reasons recent Congresses have been so dysfunctional: all, or almost all, the revenue to be collected by the Treasury Department was spent before lawmakers walked in the door.
I further discuss how spending and tax subsidy programs on autopilot, along with a tax system inadequate to pay our bills and rife with gaping holes, handicap lawmakers’ and the public’s ability to set new goals for solving today’s and tomorrow’s problems.