Friday, April 03, 2009

DENIED: Senate Committee Protects Women, Children, Poor and Disabled from Obama's Predations 
Obama's plan to limit charitable deductions was strangled in the crib, as it should be.

The U.S. Senate rejected a proposal by President Barack Obama to finance an overhaul of the nation’s health-care system by limiting the ability of the well-to-do to take tax deductions for charitable contributions.

The chamber unanimously approved an amendment to a pending budget plan that rejects the proposal to limit the size of itemized deductions that can be taken by those earning more than $250,000.

Obama proposed using the estimated $318 billion such a change would generate to help finance a health-care overhaul, which he says will cost at least $630 billion. Lawmakers said they feared the effect of such a tax change on charities.

No shit.

Unanimous, baby!

Splash, out


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