OBAMA: Yes, I am. I mean, if you look at the evidence, there's very little evidence that this has a significant impact on charitable giving.
note the posturing as somebody who actually knows what he's talking about as he lies to diminish the private sctor and further aggrandize the government.
Of course, Arthur C. Brooks has the answer in Who Really Cares? , not specifically with regard to the $50k itemizer, but with non-itemizers, whom he says should be allowed to itemize their charitable deductions. Therefore, extending the arguent, to make it "fair," BO, allow everyone to deduct at the higher rate for charitable giving, rather than limiting higher quantity givers to the low rate.
I bet that these people at Indiana Universitys Center on Philanthropy voted for Obama. Monroe County, Indiana home of IU, is one of the 3 big liberal counties that made Indiana go for Obama. But these libs are so much smarter than the rest of us.
Talk with your pastor about his bill. It could be very important for your church.