Capping the Charitable Deduction Will Hurt Floridians

As Congress reconvenes for the year-end lame duck session to address a number of critical tax and spending issues related to the fiscal cliff, there are reports that a cap on the value of the charitable deduction is under consideration as a potential short-term revenue solution.  Although these discussions deal with myriad complex issues, here are some key reasons why capping the charitable deduction is not a good idea for our communities and our state: Continue reading