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March 02, 2009
Congressman Makes Push to Oppose Deduction Plan
Rep. Roy Blunt said he plans to lead an effort to oppose President Obama’s plan to limit the amount of money wealthy donors can deduct from their federal taxes for charitable contributions.
Mr. Blunt, a Missouri Republican, said he is calling on House Speaker Nancy Pelosi, a Democrat, to engage in a bipartisan effort against the proposal.
“This is a tax increase and it’s being levied at a time when contributions are sorely needed but at an all-time low,” Mr. Blunt said in a letter to Ms. Pelosi. “I am puzzled why this President — who has frequently called upon Americans to take responsibility for building their communities and institutions — would hinder many Americans from continuing to contribute voluntarily to our nation’s charitable organizations.”
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Copyright © 2009 The Chronicle of Philanthropy
So unlike the rest of us, who don’t get to itemize our charitable gifts, the rich do it only for tax savings? Tsk. Tsk.
— graceonline Mar 2, 02:58 PM #
The only community this President is interested in building is a community of sycophants.
— Jeff Steele Mar 2, 03:58 PM #