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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (8335)	3/4/2009 5:32:04 PM
From: pompsander	Respond to of 103300

dccc.org

To: longnshort who wrote (8335)	3/4/2009 5:36:31 PM
From: pompsander	Read Replies (1) \| Respond to of 103300

Rest Assured--Obama Isn't Killing Charities There's been a bit of hand-wringing these last few days over whether Obama's proposal to cap tax deductions for the affluent would lead to a big reduction in charitable donations--in his column today, David Brooks writes that, "[I]n its very first budget, the Obama administration raises the cost of charitable giving." But, according to a recent study by the Tax Policy Center, the measure would only decrease giving by a mere 1.3 percent. Also, as the study points out, the measure wouldn't take effect until 2011, which should further ease concerns about depriving charities of revenue during a recession. For what it's worth... --Noam Scheiber