• Budget proposal could impact charitable gifts

    March 5 2009 by Steve DeVane, BR Managing Editor | with 0 comments

    Baptist organizations are trying to gauge the impact of a proposed change in the federal budget that could decrease the tax benefit for wealthy donors of their charitable gifts. President Barack Obama’s proposed budget would decrease the tax benefit of deductions for a taxpayer making more than $250,000 from 35 percent to 28 percent