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Should the Charitable Tax Deduction Be Eliminated?


As President Barack Obama and Congress work to solve the country's budget problems before the fiscal cliff, they are considering caps or cuts to the charitable tax deduction. The tax benefit has been around for 100 years, and allows individuals to receive a tax break for a percentage of their donations to charity in a given year.Nonprofits argue that the tax break is essential in allowing them to maintain their services.

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