Charitable giving is down because of the bad economy and tanked stock market.
Now, President Obama’s proposed budget cuts the income tax deduction for charitable contributions.
But, only for rich people — those who do the lion’s share of charitable giving.
Sounds anti-social, so why’s he doing it?
Simple, Obama believes that government can do a better job than individuals channeling money to the “right” causes. You can’t trust individuals to give to the right causes, can you?
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