Friday, February 27, 2009
Obama to widows, orphans, the poor and the handicapped:
"Drop dead."
Just when I think the Obama Administration has done the dumbest thing imaginable, they come up with something even dumber.
Many charities rely on just a few large donors for a substantial portion of their cash flows. These donors have large pockets, of course, and are generally wealthy.
The Obama proposal, if the Washington Times' characterization is accurate, is a dagger pointed straight at the United Way, Boys and Girls Clubs of America, Ronald McDonald House, the Red Cross, Catholic Charities, and every other large charity you'd care to name, local or national.
The wealthy will not be hurt by this. The wealthy can simply find something else to do with their money. The people hurt by this are precisely the people who rely on these charities, and their low-paid staff.
Splash, out
Jason
Still, the charitable giving deduction reduction, which would limit deductions for couples making $250,000 or individuals making $200,000, provoked the most heat Thursday. Mr. Obama is counting on that provision to raise $179.8 billion over 10 years.
Just when I think the Obama Administration has done the dumbest thing imaginable, they come up with something even dumber.
Many charities rely on just a few large donors for a substantial portion of their cash flows. These donors have large pockets, of course, and are generally wealthy.
The Obama proposal, if the Washington Times' characterization is accurate, is a dagger pointed straight at the United Way, Boys and Girls Clubs of America, Ronald McDonald House, the Red Cross, Catholic Charities, and every other large charity you'd care to name, local or national.
The wealthy will not be hurt by this. The wealthy can simply find something else to do with their money. The people hurt by this are precisely the people who rely on these charities, and their low-paid staff.
Splash, out
Jason
Labels: Democrats, economy, finance, Obama, stupid, taxes, The Left
Comments:
Post a Comment
