May 16, 2002

Senate Should Kill Bill to Give Tax Cut to Those Who Don't Itemize

By Pablo Eisenberg

A bill in the U.S. Senate that is designed to increase charitable giving, in part by giving tax breaks to people who don't itemize on their federal tax returns, is penny-wise and pound-foolish.

While the measure, called the Charity Aid, Recovery, and Empowerment (Care) Act of 2002, might result in a meager amount of new money for charity, it would cost the U.S. Treasury much more in lost revenue -- billions, in fact -- that could be used for social services to aid the very

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