Release
WASHINGTON, D.C. – Senator James Lankford (R-OK) today offered an amendment to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which would increase the bill’s $300 limit on the charitable giving deduction to one-third of the standard deduction ($4,000 for an individual filer and $8,000 for married joint filers) for the remainder of 2020. Lankford’s amendment is similar to the language of his Universal Charitable Giving Act, which Lankford first offered as a stand-alone bill in 2017.
“Now is the time to encourage more charitable giving, and my amendment offers Americans an incentive to do that,” Lankford said. “There is a role for government in a crisis, and there is an even stronger role for our non-profits, churches, and community organizations who are the boots on the ground helping our friends and neighbors in Oklahoma. I encourage my colleagues to support this amendment to encourage Americans to give more to non-profits in our communities as they continue to support our nation’s vulnerable individuals and families in need.”
The amendment was cosponsored by Senators Chris Coons (D-DE), Tim Scott (R-SC), Amy Klobuchar (D-MN), Mike Lee (R-UT), and Jeanne Shaheen (D-NH).