WASHINGTON – On Giving Tuesday, U.S. Senator Kevin Cramer (R-ND) wrote a letter to his colleagues urging them to support the “Legacy IRA Act,” his bipartisan legislation that would increase the ability of elderly middle-class Americans to give to charity without facing tax penalties.
“Today is Giving Tuesday, a day that honors and encourages charitable giving. In that spirit, please join Senators Stabenow, Cornyn, Daines, and me in cosponsoring S. 1257, the Legacy IRA Act,” Senator Cramer said in a letter to colleagues. “By passing the Legacy IRA Act, Congress can help middle-income seniors give charitably and help the many worthy charitable causes across our country.”
Senators Cramer and Debbie Stabenow (D-MI) introduced this legislation in May with Senators John Cornyn (R-TX) and Steve Daines (R-MT) joining as cosponsors. Their bill has received the support of several non-profit organizations. Click here to learn more.