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The Hill Blog Publishes Op-Ed by Ambassador Earle Mack

December 06, 2012

Amid debate over fiscal and tax policy, lawmakers should scrap the idea of capping charitable deductions, Ambassador Earle Mack argues in an essay The Hill published Dec. 3 in its Congress Blog.

“As someone who has been fortunate enough to be able to contribute significantly over the years, I am extremely troubled to see that capping the deduction is one of the ‘compromises’ on the fiscal cliff trading table,” Mack wrote.

Capping charitable deductions would have a “devastating” effect on hospitals, schools and museums, said Mack, who instead recommended measures like hiking taxes 2 percent for top-bracket earners, eliminating bonus depreciation on luxury items and capping mortgage and medical deductions for the most affluent.

A former U.S. Ambassador to Finland and chairman emeritus of the New York State Council on the Arts, Mack is a distinguished Drexel University alumnus, businessman and philanthropist whose humanitarian service included arranging for five emergency-aid flights to Port-au-Prince, Haiti after the 2010 earthquake.