Elder Oaks testified before the U.S. Senate today, in opposition to proposals to curtail the charitable deduction.
“While I appear here as a religious leader, the possible impairment of the charitable deduction in order to enhance tax revenues is not a religious issue. It is not a political issue. It is not even an economic issue,” Oaks said in his prepared testimony. “It poses a question about the nature and future of America.”
President Obama’s Jobs bill is paid in part by limiting the charitable deductions for those making more than $250,000.
UPDATE: Here’s video of Elder Oaks’ testimony. Interesting, he also spoke on behalf of representative of the Catholic Church and Southern Baptist Theological Seminary. Here’s to uniting behind common values, regardless of theology!
And here’s a copy of his prepared remarks [PDF].
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Tags: charity, Dallin H. Oaks, tithing
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You’ve placed a reference to President Obama’s proposal to restore taxes on the wealthy to what they were prior to the Bush tax cuts. What does this have to do with the main topic of tax deductions for charitable organizations and churches?
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Aaron,
My understanding is that you are incorrect. I apologize for not being clearer in my post, but Elder Oaks is responding to the Obama Administration’s proposal to pay part of its new jobs bill by limiting the charitable donations wealthier people can write off from their taxes.
President Obama’s plan to limit charitable tax deductions on the “wealthy” is not reversing something instituted by Pres. Bush tax cuts. Charitable deductions are more longstanding than that.
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More background on the charitable deduction is at Times and Seasons.
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