This journal article looks to the history of the charitable contribution deduction, and thoroughly explains what is allowed and what is restricted under this deduction. This journal article raises the question whether this deduction should be viewed as personal consumption since the amount donated are erased from the taxpayer’s net worth, rather than as a federal subsidy to encourage giving. In addition to the proposals to cap the charitable contribution, switch it to a credit, or a system of matching grants, the Tax Reform Act of 2014 is discussed. The Tax Reform Act of 2014, unlike the previous mentioned, supports the base defining rationale by proposing to increase the standard deduction to account for charitable contributions. However,
