And we thought we avoided the fiscal cliff. Well we avoided the major cliff but now we have some mini cliffs to deal with one to address is charitable donations. Legislation passed by the Senate late Tuesday night will limit the amount wealthy people can claim for charitable deductions on their taxes. While some say donors shouldn’t be motivated by the amount of money they can write off, others –- including some nervous nonprofits –- argue that tax breaks for charitable giving should have been left untouched in the deal.
This is ridiculous since if you want to help help without exceptions like a higher tax write off. Is this guy going to feel the crunch if he can’t deduct as much? It appears not just our government is selfish but other special interest like non-profits and the wealthy are trying to get in on the act. These people again need to realize that the people who are going to get hurt in this scenario are those people who need the help and let’s be frank the people these kind of people make money off of everyday.
It is about time they get nervous but in the end they might take a hit and find more ways to nickel and dime you for their services. The American people especially the older variety should be extremely worried about what happens when they can no longer afford the much needed healthcare. It is time we reform the whole system instead of bits and pieces. Universal healthcare anyone?
My new favorite guy in this debate. I agree with this guy because the fiscal cliff affects 98% of the population of the US. The tax hikes will effect us all if they do not agree to keep the Bush tax cuts for incomes under $250,000. The saddest part because a few selfish people mainly Boehner the house speaker who refuses to work with the senate. This is why it is important America to be informed because we vote these people into office. The selfishness needs to end because their bloody feuds are now affecting all of us.
Great story for the holidays. Giving a family a home for the holidays and a trip to Disney World for their ailing son. This is what makes us human and at times a great species. Merry Christmas everyone!