Pursuits
House Rejects Charity Tax Breaks Obama Threatened to Veto
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The U.S. House of Representatives rejected an $11 billion bill that would have provided tax incentives for charitable donations of food, money from retirement accounts and land-development rights.
The House’s 275-149 vote fell short of the two-thirds margin needed to pass it under an expedited procedure. That’s the same threshold that would have been needed to overcome a threatened veto from President Barack Obama.