No actions available.
Full Text of this Amendment
On page 5, before line 1 and after the item relating to section 6101, insert the following:
SEC. 2. SENSE OF THE SENATE.
(a) Findings.--The Senate finds the following:
(1) Total private giving increased to $306,000,000,000 in 2007, equal to 2.2 percent of the gross domestic product of the United States.
(2) Total private giving has more than doubled in a 10-year period, and individual giving reached $229,000,000,000 in 2007.
(3) The people of the United States donate 3 1/2 times as much, per capita, as the people of any other developed nation.
(4) There are nearly 1,400,000 charitable organizations in the United States, and approximately 355,000 religious congregations.
(5) Nonprofit organizations, including public charities and private foundations, account for approximately 8 percent of the wages and salaries paid in the United States.
(6) The nonprofit sector employs more than 10,000,000 people, and 7 percent of the people of the United States are paid employees of nonprofit organizations.
(7) A proposed cut to charitable tax deductions for wealthy taxpayers may result in a 10 percent drop in charitable giving by wealthy individuals that is equal to $6,000,000,000.
(b) Sense of the Senate.--It is the sense of the Senate that--
(1) all citizens of the United States should continue in the selfless generosity and noble spirit of charitable giving;
(2) Congress should support measures that incentivize charitable giving by wealthy Americans to nonprofit organizations, public charities, private foundations, and religious congregations; and
(3) Federal tax law should encourage, and not punish, charitable donations by all people of the United States, regardless of income.
(As printed in the Congressional Record for the Senate on Mar 25, 2009.)