The next administration should change the tax law so taxpayers are given a 200% deduction for charitable giving during 2009, the deduction should decline to 150% in 2010 and to the normal 100% deduction in following years. The current cap on the deduction should be removed or at least raised for one year. The idea is to let Americans choose the causes they want to support rather than Congress. A big dose of charitable giving next year would be more likely to get to the people who most need it than any government spending.
Saturday, November 15, 2008
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