The Sink not Enough, Obama to Tax the Whole Kitchen
Sep 15, 2011 | Posted by Team Cantor
The old saying goes “everything but the kitchen sink”, but that is not enough for President Obama. His latest proposal taxes the entire kitchen, at least it does if it is a soup kitchen. That’s right, we are not making this up, the President plans to tax charitable donations to soup kitchens, churches, and cancer research centers.
We learned yesterday that 1 in 6 Americans are now living in poverty. That is over 15% of our population. Unemployment remains over 9% for a second year, and the number of uninsured in America is up to almost 50 million, the most in more than twenty years. But what is President Obama’s solution? Tax donations to charities who are on the front lines voluntarily helping people in need.
Congressman Cantor this week said, “We have also found out through looking at his tax proposals, or at least the reports, that his tax proposals are going to impose taxes on charitable contributions and in fact impact at least 40 percent of tax deductible charitable contributions. I don’t think there are many Americans right now who think that’s a good idea. The question is why would we want to put an impediment in the way of the charities accessing funding when the charities are the ones out there helping the people in need right now? It doesn’t make sense.”