The fiscal cliff could have huge effects on non-profits around the country, including in the Rockford area.
While lawmakers are discussing ways to avert the cliff, one option being tossed around is reducing tax-deductions given to high-income philanthropists, which could discourage those individuals from donating to non-profits.
John Mecklenburg, CEO of the SwedishAmerican Foundation, is worried that will have a negative effect on not only non-profits, but the city itself. "Anything that lowers their ability to deal with that is not going to be good for a town like Rockford," he says. "So to say we want to reduce these things, I see that as not being able to help this town at all."
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