BuSab Message Board - Msg: 25445474

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Politics : BuSab

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To: Jorj X Mckie who wrote (129)	2/26/2009 12:27:55 AM
From: Libbyt	Read Replies (2) of 23934

Has anyone read about Obama's tax plan, that is in the Wall Street Journal? From the article ...."One concern certain to get attention in Congress: whether a change to the deductions formula would discourage charitable giving among the wealthy, or further depress the housing market given that the interest deduction would fall for some." Hmmm....taking away the deductions on charitable giving as well as mortgage deductions for upper income tax payers?!? Of course that will make a difference to charitable giving and the housing market!!! With many families working hard to help elderly parents, provide support for themselves, as well as helping unemployed children....the standard for what is "wealthy" is not quite so easy to define. Obama's plans for health care is so poorly thought out that I wouldn't know where to begin with my criticism. I am truly amazed and horrified by how much money Obama (with Nancy Pelosi's input) has spent during his first month in office.

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