As part of his plan to fund the American Jobs Act, President Obama is once again seeking to raise the tax rate and decrease the charitable deduction for the people who form the backbone of charitable giving in America.
Many charities are in the fight for their lives. With Obama’s help some will face an early death. His tax policies will hit the biggest charitable donors the hardest.
Democrats love to say that they are the party of compassion, but the words ring hollow when you consider the administration’s tax proposal winding its way through Congress.
Asymmetrical Politics: Republicans Act Like an Unruly Mob, Democrats Like a Regimented Army | Michael Barone