COMMITTEE on WAYS and MEANS

“Today, the White House chose to mislead and scare America’s charitable giving community, using them as pawns in an effort to achieve their tax hike proposal. This is abhorrent, wrong and needs to stop.  The truth is that the White House plan is the only one that has a cap on deductions – and it’s in the President’s budget for everyone to see.  Instead of bullying our nation’s charities, the White House should look at the calendar, stop the political campaign and start negotiating with Republicans to find a real and balanced solution that ensures America can both avert our fiscal cliff and confront our debt crisis.  What the White House did today is disturbingly reminiscent of how it conducted itself during congressional consideration of ObamaCare – telling groups that they better back the White House, or else.  Bullying isn’t leading.  These kind of intimidation tactics are unacceptable, and they need to stop now.”

NOTE:  The President included a cap on deductions on page 39 of his budget proposal that can be found here.

NOTE: Obama Defends Push to Cut Tax Deductions for Charitable Gifts – Washington Post article can be found here.