(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.”
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.