Barack Obama hasn’t wasted any time before starting to break the promises he made during the campaign. (The list of campaign promises has disappeared from his website.) This either means the man is a liar or he is extremely naive about how Washington really works.
Here it is:
Are charitable contributions really at risk under Obama budget?
Under the president’s plan, itemized tax deductions for charitable giving and mortgages would be capped for those earning more than $250,000 a year. Changes would be phased in gradually over the next few years. So in 2010, instead of getting a 33% or 35% deduction for charitable donations, Americans in the top income brackets, according to a Wall Street Journal analysis, would get somewhere in the neighborhood of 28%.
Churches like ours that just laid off 3 pastoral staff will suffer even more if this cap stays in place!
