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Charities beseech US Congress to preserve donations tax break

from Reuters

Charitable groups pleaded with U.S. lawmakers not to alter the federal tax break for donations, while some Democrats said the popular deduction was in no danger and called the Republican-convened hearing a red herring. Officials from hospitals and dozens of other nonprofit groups packed a House Committee on Ways and Means session examining the write-off used by more than 30 million Americans at a cost to taxpayers of $38 billion a year. more

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