You no doubt have heard that one of President Obama’s proposals is to massively reduce the tax deduction for charitable contributions. Dick Morris cuts through the Obama doublespeak on this issue in a recent column over at TownHall:
In 2006, the most recent year for which data is available, 4 million taxpayers had adjusted gross incomes of $200,000 or more. They comprised 3 percent of the tax returns, made 31 percent of the income, but donated 44 percent of all charitable contributions. Together, they provided charity with $81 billion in that year.
So Mr Obama is going to stick it to the very people who do a disproportionate amount of the charitable donating. Why would he do that, given his party’s claims that they care about the “less fortunate”? Because like a Mafia Don killing off his criminal competitors, Mr Obama wants to kill off the Big Government competition of private charities. He wants every unsuccessful person in America to get a handout from Big Brother, he wants to control where that money goes. He is a statist to his very core, believing that government is the solution to every problem (rather than the cause of most of them!).
It is totally dishonest for Obama to pretend that his curtailment of these deductions won’t hurt the poor. It will most directly impact them since most of the charities Obama is hurting focus on helping the impoverished.
This proposal is not about saving money. It is about controlling it — by, in effect, transferring at least $11 billion a year from private philanthropy to government spending, Obama empowers the public sector at the expense of the voluntary one.
Barack Obama’s audacity continues to astound me. Obviously he thinks that he can buy enough votes with the money of the productive Americans to secure the votes of a majority made up of the non-productive Americans. He is a dangerous radical, what were you myrmidons thinking?