The Daily Caller

The Daily Caller
PRESCOTT, AZ - JULY 02:  Members of the Salvation Army distribute lunch bags at the Red Cross shelter set up at the Yavapai College gymnasium for victims of the Yarnell Hill wildfires on July 2, 2013 in Prescott, Arizona.  The Red Cross is providing families displaced by the fires in Yarnell, AZ food and shelter. Nineteen Granite Mountain Interagency Hotshot Crew firefighters died battling the fast-moving wildfire that has burned nearly 8,400 acres.  (Photo by Christian Petersen/Getty Images) PRESCOTT, AZ - JULY 02: Members of the Salvation Army distribute lunch bags at the Red Cross shelter set up at the Yavapai College gymnasium for victims of the Yarnell Hill wildfires on July 2, 2013 in Prescott, Arizona. The Red Cross is providing families displaced by the fires in Yarnell, AZ food and shelter. Nineteen Granite Mountain Interagency Hotshot Crew firefighters died battling the fast-moving wildfire that has burned nearly 8,400 acres. (Photo by Christian Petersen/Getty Images)  

AEI study: Charitable deduction cap would have a large negative impact on giving

According to American Enterprise Institute head Arthur Brooks, the Great Recession has taken a toll on charitable giving. But the ramifications that could come from capping the charitable deduction would only exacerbate the problem. According to Brooks, “President Obama’s proposed cap would drop giving by 9 billion dollars in the first year alone.”

Brooks will present his findings and host a panel discussion on the future of charitable giving at Noon today at AEI. His paper is titled, “The Great Recession, Tax Policy, and the Future of Charity in America.” Here’s a teaser video: