President Obama: “Charities Are Wrong”

Posted on March 25, 2009 In Blog

At his Tuesday night press conference, President Obama was asked by Politico’s Mike Allen whether he was reconsidering or regretted his budget proposal to reduce the tax deduction for charitable contributions – something the OU has expressed grave concerns over.

The President not only defended the proposal – on the grounds of “tax fairness”, he asserted it will not negatively impact charitable giving. Watch the exchange here.

Noted Harvard economist, Professor Martin Feldstein (a member of President Obama’s Economic Advisory Board), wrote a criticism of the President’s position in today’s Washington Post. To read his piece, please click here.