While President Obama says of his plan of taxing donations to charities at a higher rate that “there’s very little evidence that this has a significant impact on charitable giving” a report from the left of center Center on Budget and Policy Priorities said total charitable contributions would decline by about 1.3 percent, while the Center on Philanthropy at Indiana University calculated that overall giving would drop by 2.1 percent. The highest-income households would decrease their giving by 4.8 percent, or $3.87 billion.
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