A Tax Policy for the Common Good: Renew the CARES Act’s Charitable Tax Deduction Permanently

December 14, 2020 | by Jonathan Thomas Hannah

Do we really want a tax system that encourages very wealthy individuals to give money to the arts but does not encourage middle-class taxpayers to give money to local, religiously affiliated soup kitchens? That is the system we will have if the CARES Act’s above-the-line charitable tax deduction is not renewed.