As I read Jeb's article on the wonderful Healing Therapies Foundation, I couldn't help to wonder how this organization and all the other charities will fare when Obama's policies take full effect. Haven't you heard? He is dramatically reducing the tax incentive to make charitable contributions.
It shouldn't surprise anyone, however. Here is a quiz question: Do you know what the level of charitable contributions are per capita in socialist countries? Virtually zero...because naturally people believe that the State (i.e. Big Government) should make the sole decision on which organizations to fund and how much.
Here is more information from the Heritage Foundation on Obama's intent regarding reducing charitable giving...
Proposed Decrease in Charitable Tax Deduction Crowds Out Civil Society
by Ryan Messmore
Many nonprofit organizations are under severe financial pressure. They need donations more than ever, and the hurting people they serve have a stake in the unrestrained flow of those donations.
However, President Barack Obama's proposed budget for fiscal year (FY) 2010 moves in the opposite direction. It would raise taxes on those who can give the most and reduce their income tax deduction for charitable giving. This not only weakens one of the incentives to give, but also shifts perceived responsibility for social welfare from individual donors toward the state.
(For more info, click the following...)