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Ways and Means starts look at reforms with charitable deductions hearing

The tax policy-writing House Ways and Means Committee has scheduled a hearing next week on itemized charitable deductions. The hearing is part of what will be a broader look by the committee at the subject of comprehensive tax reform.

"We do not expect the credit union tax status to be any part of the focus at this upcoming hearing," said Ryan Donovan, Credit Union National Association senior vice president of legislative affairs, Wednesday.

However," he added, "we will be watching this closely, as it could shed light on how the committee intends to evaluate tax provisions going forward."

House Ways and Means Chairman Dave Camp (R-Mich.) announced the hearing will take place on Thursday, Feb.  14,  in room 1100 of the Longworth House Office Building, beginning at 9:30 a.m. (ET).

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