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Politics : Politics for Pros- moderated

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From: LindyBill	6/13/2006 2:59:43 PM
	of 793921

Cato - leftwing bloggers two months ago denounced Vice President Cheney for the “shady charitable contributions” reported on his 2005 tax return and called him “a major beneficiary of the Hurricane Katrina tax relief act.” What was so shady? It seems that on an income of almost $9 million (mostly deferred compensation from his years at Halliburton), Cheney gave 77 percent of it, or $6.8 million, to charity. Some beneficiary! To the lefty bloggers, and especially to their commenters, this was shady because normally you can only take a deduction of up to 50 percent of your income, but that cap was lifted to encourage contributions in the year of Katrina. So Congress passed a law to encourage charitable contributions, and Cheney gave more to charity, and leftists called him “shady.” A clear case of Bush Derangement Syndrome.

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