President Obama plans to cut tax deductions for mortgage interest and charity funds.
Duration : 0:3:50
President Obama reconsiders tax deductions for mortgage interest and charities
President Obama plans to cut tax deductions for mortgage interest and charity funds.
Duration : 0:3:50
I’m against …
I’m against punishing charities.
But making renters, as well as people who own homes outright, pay for heavily mortgaged McMansions owned by others doesn’t make sense to me.
Not to mention the skewing which causes home to get bigger and Bigger and BIGGER… pricing them even further from the reach of average people.
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Cutting the …
Cutting the charitable tax deduction is quite sinister. CBO estimates show it will only add $7 billion in revenue.
Why does Obama need another $7 billion for his $3.6 TRILLION budget? He doesn’t. This is just another government power grab. He wants government to decide how that money is spent instead of charitable organizations.
Ask yourself this question: Who do you trust to help people in need – charities or the federal government?
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