TAXING OF CHARITABLE CONTRIBUTIONS … MORE OBAMA CHANGE:
Think that this is change you can believe in … reducing tax deductions on the wealthy who make charitable donations. What does Obama have against the wealthy? Who does he think makes charitable contributions but people who actually have money to give, especially during hard economic times.
President Barack Obama is defending a budget idea that would reduce the tax deduction that wealthier families can take when they make charitable donations.
Obama says the plan is “the right thing to do.”
Speaking at a prime-time news conference, the president said the change in tax policy would be realistic and fairer to lower-earning families that make charitable gifts but get a smaller tax deduction. Some lawmakers don’t like the idea. They say it could hurt donations to needy groups in a time of need.
With non-profits already struggling to bring on charitable contribution, Barack Obama in his infinite wisdom looks to make it even harder. Why would anyone want charities to get less money? Maybe because in Obama’s socialist America, those in need are forced to look to the government, not those who actually care and provide services.