Barack Obama says Republican proposals would put non-profits at risk
Agencies: Washington , Dec 05 2012, 15:01 IST
deeply into programs that benefit the middle class, such as the mortgage interest tax deduction, and could have a devastating impact on organizations that depend on donations.
"If you eliminated charitable deductions, that means every hospital and university and not-for-profit agency across the country would suddenly find themselves on the verge of collapse," Obama said.
White House Chief of Staff Jack Lew, senior adviser Valerie Jarrett, Domestic Policy Council Director Cecilia Munoz and National Economic Council Director Gene Sperling met with non-profit and charity leaders, the official said.
The attendees included American Red Cross chief executive Gail McGovern, United Way Worldwide U.S. President Stacey Stewart, and Catholic Charities USA President the Reverend Larry Snyder. Together, those three organizations draw more than $6 billion in contributions annually.
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