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Updated Friday, April 1, 2011 10:43 pm TWN, Reuters |
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US tax reforms may hurt donations: religious headsDonations fell at 39 percent of the 1,507 churches polled and more than 90 percent of religious leaders expressed concern that plans by U.S. President Barack Obama to reform tax breaks for charitable giving could harm donations. “Charities and churches have been hit hard by the economy the past three years,” said Pastor Brian Kluth, founder of Maximum Generosity, which provides information on fund-raising to churches. “If the government's plan to change the rules on charitable tax deductions goes through, giving to charities and churches will likely be negatively affected,” he said. | |||||||||||||