Charitable Package Dropped Again... At Least For Now...

At this hour, negotiations continue on the pension reform conference, but we are hearing that Republican leadership has decided to pull the tax "extenders" package (including Chairman Grassley's package of charitable reforms AND incentives) from the bill in order to pair it with estate tax reduction legislation later this year, most likely in September.

The good news is that it seems - for the time being - charitable giving incentives are firmly part of the tax "extenders" package. The bad news, though, is that leadership intends to revisit the issue of estate tax reduction before the election.