Rep. Davis Introduced Universal Charitable Giving Bill
Last Thursday, Rep. Danny Davis (D-IL) introduced an universal charitable deduction bill, H.R. 1260. This legislation would enact a clean, uncapped, above-the-line charitable deduction—expanding the opportunity to claim the charitable deduction to the many taxpayers who claim the standard deduction. This bill takes a critical step towards mitigating the negative impacts of tax reform on charitable giving.