April 9, 2009
Obama Defends Proposal to Limit Charity Breaks for the Wealthy
President Obama stood by his proposal to limit tax breaks for charitable deductions for wealthy people at a prime-time news conference last month, but its fate in Congress remains murky.
The president said his proposal would help equalize the federal tax code, which now gives bigger tax breaks to people with higher incomes, and would have a limited effect on giving.
"I'll tell you what has a significant impact on charitable giving is a financial crisis and an economy that's
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