The hearing will examine the itemized deduction for charitable contributions as part of the Committee’s work on comprehensive tax reform. It also will receive testimony from witnesses on previous proposals to modify the deduction and its value.
This document ... contains an overview of the present-law rules relating
to the Federal tax treatment of charitable contributions, a discussion of economic issues relating
to Federal tax incentives for charitable giving, and a description of several legislative proposals
related to the Federal tax treatment of charitable contributions.