What does the House GOP have against the non-rich deducting charitable contributions? BusinessWeek says, on a new bill passed by the Senate, that “House Republicans will try to slice the earmarked $13 billion, which includes $1.3 billion in block grants to states for social services.”
They can support a bill around $400 billion what would give tax-free dividends, which would flow primarily to those such as CEO Sandy Weill of Citigroup (who, according to my rought estimate based on the most recent SEC filings would reap $9 million a year), but can’t give the average non-itemizing individual the ability to deduct a few hundred dollars in charitable giving? And $1.3 billion to states for social services? Considering the budget deficits at the state level, they’d be better off giving 20 times that!