Tuesday, February 02, 2010

Here's one tax increase that won't get through Congress

Jennifer Rubin points out that one of the tax increases in Obama's budget is decreasing the deduction that wealthy people can take for their charitable deductions. Who do they think makes some of the biggest deductions?

I predict that charitable organizations (i.e. special interests in Obama-speak) will work their magic on Congress and such an increase will never make it into the final product. Congressmen will realize that doing something to limit contributions to charities is just not going to fly in the middle of an economic downturn.