President Obama’s budget overtly increases taxes on people earning more than $250,000 (taxes for the rest of us are hidden), and President Obama’s stimulus package reduces the amount of charitable contributions that this targeted minority can deduct. Therefore, many have pointed out that this will reduce charitable giving by this targeted minority.
Now, we could examine multiple flaws in Obama’s logic, but I want to focus on one in particular.
When asked about a probable reduction in charitable giving, Peter Orszag, the White House Budget Director, said "Contained in the recovery act, there's $100 million to support nonprofits and charities as we get through this period of economic difficulty." He should have also mentioned that some of the hundreds of billions that the stimulus bill funnels to state governments will find its way to non-profits - chosen by politicians.
It seems pretty clear. Obama wants to take money from the non-profits supported by this Republican leaning minority and give it to his own favorite non-profit groups. So, instead of this money going to the arts, churches, universities, and medical research – it will go to ACORN.
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