Prominent Nonprofit Coalition Supports Obama’s Tax Plan

A week after saying it wanted to avoid wading into the “middle of a partisan political struggle” on any specific tax proposal, Independent Sector, the coalition of charities and foundations, on Wednesday stated its support for President Barack Obama's plan to raise rates on the wealthy.

“We believe a plan that includes a modest tax increase on the 2 percent of Americans who can most afford it offers the best hope of moving forward in a fair and balanced way,” it said in a statement.