Ore. Charities Raise Alarm Over Plan to Curb Tax Deductions

A proposal by Oregon Democratic legislators to limit tax deductions for higher-income residents is drawing fire from nonprofit organizations, The Oregonian and the Associated Press write.

Charity officials told a state House committee Wednesday that the move to phase out deductions for individuals who earn at least $125,000 and couples making more than $250,000 is tantamount to eliminating charitable tax breaks.

The deduction curb is part of a bill aimed at raising $275-million in tax revenue over two years. Proponents say it would apply to only a tiny slice of Oregon filers and does not affect the much larger federal tax break for giving so would not significantly disincentivize donors.