Nonprofit Take on Obama's Proposed Budget for FY 2014

Nonprofit Quarterly is analyzing President Obama’s FY 2014 budget, comparing it to the nonprofit-specific dimensions of the Ryan and Murray budgets. In the budget the President proposed a 28 percent deductibility cap on itemized deductions, which includes the charitable deduction. But there is, of course, more to the budget than that. Among other things, the President’s budget includes:

• $1 billion for the Department of Education’s Race to the Top education reform program
• Significant cuts in healthcare spending, including $19 billion from Medicaid over 10 years, higher payments by Medicare beneficiaries, and reductions in Medicare payments to healthcare providers
• “Small targeted reductions” in certain healthcare programs, like immunizations and cancer screenings

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As seen in the May 2013 issue of LeadTime.