01.01.70

WASHINGTON (JTA) -- Jewish organizations are expressing concerns at cost-cutting proposals in President Obama's $3.8 trillion budget for 2013.

The Union of Orthodox Jewish Congregations of America and The Jewish Federations of North America released statements Monday objecting to the proposal that would reduce the tax deductibility rate of charitable donations for taxpayers earning more than $250,000 to 28 percent from the current 35 percent.

“Despite the fact that the White House had recently indicated that its tax reform proposals would not disincentivize large charitable gifts, today's Budget release is disappointing for America's charities and the millions we support, particularly during this time of economic distress,” William Daroff, vice president for public policy and director of JFNA's Washington office, said in a statement.

JFNA noted last week that the Obama administration emphasized in its “Blueprint for an America Built to Last” that it would maintain the deductibility rate of charitable contributions.

Source: Jewish Telegraphic Agency

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