| Final-Fan said: Nope, hadn't heard. My news exposure is ... irregular. Now that I've enlightened myself, I want to make sure we're on the same page: it would cap the percentage of the money saved on the deductions (at $280 per $1000 as opposed to currently up to $350 per $1000), not a cap like "no donations past $1 million are deductible" as I had presumed based on what you said. I'm not sure if you thought it was something else, or just wrote it wrong, or possibly you'll be able to convince me that I misinterpreted you. http://online.wsj.com/article/SB123621392108135233.html And I seriously, seriously doubt this was proposed with the GOAL of taking money away from charities, which seems to be what you are saying. That would only be a probable side effect, admittedly a side effect that I think the administration should not risk. (And I think I'd oppose this even if it wouldn't affect giving, on principle.) |
While it suggests 4 Billion. Obama's figures suggest higher if you'll notice how much he thinks it will gain him.
That's exactly the goal though to take from charities.
It's win win.
Either people donate the same and we get more money from them. Or people donate less and we get a lot more money from them.
The secodnary thing seems to be the case due to how much more he plans to get from this plan.








