Charity on the Chopping Block
This column by ACRU Senior Fellow Robert Knight was published December 22, 2012 on The Washington Times website.
With the “fiscal cliff” looming, Washington is looking under every rock for new forms of “revenue.”
Nothing appears sacred, not even mortgage and charitable deductions, which some are recasting as “loopholes.” Ending the mortgage deduction when the housing market is finally showing signs of recovery would be like giving a cancer patient strychnine to make him feel better.
Even worse would be ending the charitable deduction, for the simple reason that this deduction encourages private-sector benevolence, which the federal government under President […]

