The American Red Cross understands the need to deal with our nation’s deficit and the fiscal cliff. But with so many Americans relying on the charitable sector, especially during these tough economic times, we are very concerned about proposals that could jeopardize the charitable gifts that are so important to non-profits and the people we serve.
The Red Cross is a charitable organization — not a government agency — and our work every day across the country depends on the contributions and gifts from our donors.
Any tax law changes that would cap or limit the charitable deduction would hurt these efforts by altering an important incentive for individuals and households who give the most to charitable organizations.
The Red Cross takes no position on the various proposals to address the fiscal cliff. But whatever Congress and the President decide to do, we urge them to please preserve the current charitable tax deduction.