REV-07 ELIMINATE OR LIMIT DEDUCTIONS FOR CHARITABLE GIVING

                                Annual Added Revenues
                                (Billions of dollars)             Cumulative
Addition to          -----------------------------------------    Five-Year
CBO Baseline         1994     1995      1996     1997     1998     Addition
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Eliminate Deductions
for Charitable Giving  2.4     16.3      17.7     19.0     20.1       75.4

Limit Deductions for
Appreciated Property
to Its Tax Basis       0.1      0.8       0.8      0.8      0.8        3.3

Limit Deductions to the
Excess Over 2 Percent of
Adjusted Gross Income  1.1      7.4       7.9      8.5      9.0       34.0
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SOURCE:  Joint Committee on Taxation.

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