Typical CONVOLUTED response from Obama (from transcript):
QUESTION: — are you confident that charities are wrong when they contend that this would discourage giving?
PRESIDENT OBAMA: Yes. I am. I mean, if you look at the evidence — theres very little evidence that this has a significant impact on charitable giving. Ill tell you what has a significant impact on charitable giving is a financial crisis and an economy thats contracting. And so the most important thing that I can do for charitable giving is to fix the economy, to get banks lending again, to get businesses opening their doors again, to get people back to work again. Then I think charities will do just fine.
Is he nuts or is totally clueless?
I guess he doesn’t think significantly cutting executive compensation will have as large or larger impact on charitable giving as cutting out the deduction?