A better charitable act is cutting tax rates, not creating another tax break
Expanding the charitable deduction is not a good use of taxpayer subsidies. Taxpayers would be better off with lower tax rates and greater take-home pay.
Scott Hodge is president emeritus and senior policy advisor at the Tax Foundation and author of Taxocracy: What You Don’t Know About Taxes and How They Rule Your Daily Life. Before joining the Tax Foundation, Hodge was director of tax and budget policy at Citizens for a Sound Economy, and he spent 10 years at The Heritage Foundation as a fellow analyzing budget and tax policy.
Expanding the charitable deduction is not a good use of taxpayer subsidies. Taxpayers would be better off with lower tax rates and greater take-home pay.