Wednesday, August 24, 2011

Tax Loopholes

Two thing President Obama appears to believe: 1) That a donation being tax deductible has no bearing on the amount being donated 2) The taxes not paid on donations because they are tax deductible is tantamount to stealing from the Federal Treasury. I agree completely. To that ends I propose we stop making political donations tax deductible. With President Obama planning on spending $1 Billion on the next election that would be in the neighborhood of $250,000,000 more to the government coffers.

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