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Book Publishers Not Interested in Charitable Katrina Tax Breaks

Sen. Charles E. Grassley (R.-Iowa) and Max Baucus (R.-Mont.) offered a $17 million tax break to book publishers who donate textbooks to displaced Hurricane Katrina school children, but the publishers aren?¢â??¬â??¢t interested. Charlene Gaynor, executive director of the Association of Educational Publishers told Congressional Quarterly, ?¢â??¬???Donating costs more than if we throw out the books and take the business write-off?¢â??¬  because even selling remainder books can bring bigger value at diminished prices than the tax break would give.

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