As the vehicle of state leaned over one fiscal cliff, Congress pulled it back but kept the motor running. In this session, we will examine the recent debate over tax changes, the resulting effect on charities, and the likely forthcoming debate in early 2013. Panelists will discuss how federal fiscal policy and proposed changes to tax law, in particular the charitable deduction, may affect charitable giving and the political scene for nonprofits going forward into an uncertain future.
12:00-1:10: Looking Back at the Cliff
This panel will take a look back at the debate leading up to the “fiscal cliff.” The panelists will discuss the various proposals that would have affected the charitable deduction, the response of the nonprofit sector, and the effect of the ultimate deal that was reached.
Moderator: Eugene Steuerle, Urban Institute Diana Aviv, Independent Sector Jon Bakija, Williams College, Slides Rick Cohen, Nonprofit Quarterly Joseph Rosenberg, Urban-Brookings Tax Policy Center, Slides
1:20-2:30: The Road Forward
This panel will discuss what lies ahead for the charitable deduction in an environment of continued budget pressure. The speakers will describe various proposed reforms to the charitable deduction and discuss how these reforms may affect nonprofits, for better or for worse.
Moderator: Elizabeth Boris, Urban Institute Joseph Cordes, George Washington University, Slides Tim Delaney, National Council of Nonprofits Brian Flahaven, Council for Advancement and Support of Education Jane Gravelle, Congressional Research Service, Slides