Assault On Giving

Obama's limiting tax deductions on charitable giving. Should cost charities about 7% of donations from wealthier donors in a time of economic hardship.
A study released Friday by the Center on Philanthropy at Indiana University shows that if the provision had been in place in 2006, charities would have lost almost $4 billion in donations in the intervening period. With the incomes of the so-called wealthy dropping, at the same time that their taxes are going up, it’s hard to see how limiting the deduction will not have a significant impact on charitable giving. The dollars taken away from private donations and directed into government coffers are not going to be magically replaced.
Only the government is allowed to help the needy in the new America.