As you probably know by now from our prior blog posts and media coverage on this topic, President Obama's 2011 budget includes a proposal to lower the amount those in the highest tax brackets can deduct for their charitable endeavors. Many donors and nonprofit experts think that this is a horrible idea.
In fact, a recent poll by the Association of Fundraising Professionals (AFP), shows that 57% of fundraisers believe this plan would hurt their charity's ability to raise funds. More troubling is that 35% of the respondents said that their charity would be "hurt a lot" if this proposal was enacted. AFP members are so concerned about this issue that they've collaborated with other industry groups to send a letter to President Obama asking him not to "to set limits on important tax incentives for giving."