Finance Committee Holds Another Hearing On Charity Governance, Ways to Cut Tax Gap
Sen. Grassley looks at contribution deductions as means to slice away at difference between taxes due and taxes paid
The Senate Finance Committee’s review of charitable activities, which started primarily as a review of ways to prevent charitable abuses, is shifting toward a search for revenue to slice away at the nation’s tax gap, the $300 billion difference between what taxpayers should be paying and what they are actually paying each year.
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