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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  12/22/2014
MONDAY, MAR 23, 2009  |  3 comments
Will Obama tax plan hurt religious groups?
WASHINGTON — President Obama's proposed 2010 federal budget contains a 7% cut in charitable tax deductions for the nation's wealthiest taxpayers. Some religious groups are asking how that will affect their bottom line.

The answer: it depends who you ask.

"By doing this, you raise the cost of giving" said Roberton Williams, a senior fellow at The Tax Policy Center, a liberal Washington think tank. By Williams' calculations, the change will result in a 10% drop in charitable giving by wealthy Americans, who typically contribute about 20% of all charitable dollars. In real dollars, Williams projects a decline of about $6 billion in charitable donations because of the change. ...


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Why Should We Be Debt-Free?
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News Item3/23/09 6:33 PM
Publican | Northern Hemisphere  Contact via emailFind all comments by Publican
It certainly does look like ever more blatant subjugation of the populace through forced dependence. If it is not possible to help each other in an atmosphere of community, who else can you turn to save the accomodating government?

The way that this essentially socialist regime is going about this is actually very clever. Perhaps too clever for them.

3

News Item3/23/09 5:22 PM
Mike | New York  Find all comments by Mike
Might as well see the question as rhetorical. Obama's tax and spend plan will hurt anything that is not run by government. And I'm pretty sure he knows it.
2

News Item3/23/09 4:41 PM
Robert | North Carolina  Find all comments by Robert
"That leaves religious groups at the mercy of rank-and-file members and donors who have been tightening their belts in the economic downturn. For now, experts say, religious groups are probably on fairly safe ground."

They're on safe ground if that ground is the foundation Paul laid, viz., Jesus Christ. All other ground is unsafe, unstable, unsure, uncertain.

If you're giving for a tax deduction, you're giving for the wrong reason, and you would be better off learning what the right reason is. If you're not willing to do that, you might as well spend it on your own lusts (since that's what you're doing anyway).

1
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