Sunday, March 27, 2011

Tax break for charitable giving targeted for elimination again - The Hill's On The Money

Operative quote:

“We don't like doing this,” Geithner told the Senate Finance Committee. “The only reason we're doing this is because, as many people have recognized in this room, we have unsustainable deficits. We've got to bring them down over time. And that's going to force us to do things we'd otherwise not like to do.”

"We don't like doing this." "...force us to do things we'd otherwise not like to do." Does anyone believe these continued lies? Usually when I don't like something... I don't do it! And when I like something I do it! Therefore logically - they want to do this and like doing it.



When they give less of a percentage for itemized deductions specifically - charitable giving - it is a tax increase. If they really wanted to improve the economy, put more revenue into the confiscatory tax bucket and help Americans in these difficult times they would increase - yes increase - charitable giving because most of the new charitable giving to non-profits would be used for buying supplies, increased payrolls for hiring more staff to provide more services, increasing wages to low paid workers, and increased wages to management staff which would generate a significant increase in taxes back to the federal government. This in itself dispels the assumption the Democratic Party is the party of the less fortunate.

Think about this - what is a more subversive way for Democratic Politicians to get "the wealthy" to voluntarily transfer their wealth to the less fortunate than through charitable giving? Is this not what they ultimately want? Do you understand why Democrats cannot think this way? You are right! Democrats are not charitable givers so they assume everyone has to be forced to give up their wealth through taxation.

There should not be wealthy, or non-wealthy people. There should be American Taxpayers only.

"Ah, the world of counter intuitiveness - think smart, think new, 180 degrees with the few."

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