Jobs bill repeals charitable deductions

President Obama’s proposed “American Jobs Act” will repeal charitable tax deductions for certain taxpayers. Eliminating tax deductions would allegedly raise approximately $400 billion to support Obama’s government stimulus bill and would, in turn, significantly decrease the amount of charitable donations, while increasing government glut. Charities play a significant role in the every-day functioning and survival of Americans nationwide, and Obama is essentially seeking to replace those charities with more government. Liberty Alert

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