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President to President
Molly Corbett Broad's weekly email newsletter to higher education leaders.

President to President: Charitable Deduction Still in Play in Fiscal Cliff Talks

Vol. 13, No. 36

  • ​Fiscal Cliff Negotiations Continue; Charitable Deduction Still in Play
  • David Brooks to Speak at ACE's Annual Meeting; Early Registration Extended Through Dec. 16

Another week has gone by with no perceptible movement on the fiscal cliff negotiations, which appeared to be at a stalemate as President Obama and House Speaker John Boehner met late Thursday.

The White House has been reaching out to the business community, charities, higher education and other groups concerned about the fiscal cliff, urging support for increased tax rates on the top 2 percent of earners. We have been meeting with senior administration officials and congressional staff to reinforce the message in the letter we sent before Thanksgiving, namely that negotiators should be very cautious when considering changes to the charitable giving tax deduction as part of any fiscal cliff deal.

Although a range of higher education-related tax incentives have expired or are scheduled to expire at the end of the year—along with a number of other so-called tax extenders—they have received little attention thus far. Instead, the charitable deduction has been in the discussions as a possible "revenue raiser." We continue to reiterate our support for extending the other expired or expiring tax provisions, but believe action on them will come only once the larger issues in the fiscal cliff are resolved.

Click here for more information and talking points about the importance of the charitable deduction to higher education.

I am pleased to announce that New York Times columnist David Brooks will be speaking during the Monday morning plenary at ACE's 95th Annual Meeting, scheduled for March 2-5, 2013, in Washington, DC.

The always-thoughtful Brooks has had much to say recently about higher education, including the movement toward MOOCs, a topic that will be featured prominently at the meeting. Register now to join us for what promises to be a fascinating session and much more. Early registration has been extended through Sunday, Dec. 16.

We now have a Facebook page that you can "like" to receive regular meeting updates. You also can follow ACE on Twitter @ACEducation. Use the hashtag #LeadingChange13 to join the conversation about the Annual Meeting.

Molly Corbett Broad
President of ACE