With all the heated debates centered around the new Jobs Bill, proposed by President Obama on Monday, it's often difficult to understand what the changes in Washington would mean for your giving. At National Christian Foundation, we're here to:
For several years, there have been many ideas circulating in Washington about how to cut spending and generate more revenue. When it comes to the role of the charitable income tax deduction, these discussions are not partisan in nature. Our President has proposed greater limitations on the charitable deduction and so have some Republican leaders, as well. If we continue down the slow economic growth and massive spending road we are on, we should not be surprised to find such tax incentives curtailed.
Though we are seeking to influence how Washington handles this, it is always good to seek wise counsel, plan ahead, and be prepared. Here are a few thoughts for your consideration as these changes are being debated by our lawmakers:
|"Trust in the Lord with all your heart; do not depend on your own understanding. Seek his will in all you do, and he will show you which path to take."
– Proverbs 3:5-6 (NLT)
The good news in all this chaos is that the charitable community has fought this battle before and won. Through all the changes in Capitol Hill, we're committed to helping you find giving solutions. And in all situations, trust the Lord, and pray that He will grant favor and wisdom upon our lawmakers.
David Wills is President of National Christian Foundation in our Atlanta office. His passions are centered on generosity and eternity, and he therefore invests his time helping others "lay up treasure in heaven" (Matt. 6:20).