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How does this make sense?
Reduce or limit deductions for charity to be fair? Is it not the poor that benefit from charity or am I missing something? Is some poor family somewhere going to have to deal with less food from the pantry but can go to bed happy knowing the rich are no longer getting the deduction? I hope not but don't know how it will be avoided.
WASHINGTON (AP) - 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. http://www.breitbart.com/article.php...show_article=1
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“To compel a man to furnish funds for the propagation of ideas he disbelieves and abhors is sinful and tyrannical.” Thomas Jefferson |