(WASHINGTON, April 28, 2021) – Daniel J. Cardinali, president and CEO of Independent Sector, issues the following statement:
“The American Families Plan would make a number of investments in education, child care, paid leave, nutrition and more. Taken together with the American Jobs Plan, it represents a significant investment in civic and community infrastructure. Both plans are needed so everyone in the U.S. can thrive.
We are gratified that the 28% cap on itemized deductions, which had been raised as a possible component in the proposed plan, is not included as an offset in the American Families Plan. As Independent Sector did in a meeting with Treasury Department officials and a letter to Secretary Yellen, we will continue to urge policymakers to exclude the charitable deduction from any future efforts to introduce caps on itemized deductions.”
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Independent Sector is the only national membership organization that brings together a diverse community of changemakers at nonprofits, foundations, and corporate giving programs working to ensure all people in the United States thrive.
Media Contact:
Bradley Wong
202-467-6122
media@independentsector.org
