Unfortunately, that appears to be the case. We hope you will immediately write Congress and tell them to stop—there may not be much time. By hitting the Action Alert button, you will find it easy to sign a petition that will be sent to your senators and congressional representative. Action Alert!
President Obama has been proposing to take away the charitable deduction for major donors since coming into office. Since most charitable giving comes from major donors, this would have profound and devastating consequences for the charitable sector of our economy. At the present time it is around 10% of Gross Domestic Product. Without the charitable deduction it could shrink significantly.