2017 Fiscal Budget
On February 9, 2016, the administration proposed its 2017 fiscal year budget which limits the value of charitable deductions and other itemized deductions to 28% for couples with incomes above $250,000 and for single filers earning more than $200,000. Those on the opposing side believe that this will take resources away from charities and that donors will have less incentive to give.
(The Exempt Organization Tax Review. March 2016- Vol. 77, No. 3)