Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexEconomic EventsPress releases

U.S. Senate Committee on Finance : Hatch, Camp Statement on White House “Bullying” Charitable Community in Pursuit of Tax Hikes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/11/2012 | 12:44am CEST

For Immediate Release
December 07, 2012

Contact:

Julia Lawless/Antonia Ferrier (Hatch), (202) 224-4515
Michelle Dimarob (Camp), (202) 226-4774

Hatch, Camp Statement on White House "Bullying" Charitable Community in Pursuit of Tax Hikes

"Instead of bullying our nation's charities, the White House should look at the calendar, stop the political campaign and start negotiating with Republicans to find a real and balanced solution that ensures America can both avert our fiscal cliff and confront our debt crisis."

WASHINGTON - Senate Finance Committee Ranking Member Orrin Hatch (R-Utah) and House Ways and Means Chairman Dave Camp (R-Michigan) issued the following statement after the White House convened a call this morning with the charitable giving community:  

"Today, the White House chose to mislead and scare America's charitable giving community, using them as pawns in an effort to achieve their tax hike proposal. This is abhorrent, wrong and needs to stop.  The truth is that the White House plan is the only one that has a cap on deductions - and it's in the President's budget for everyone to see.  Instead of bullying our nation's charities, the White House should look at the calendar, stop the political campaign and  start negotiating with Republicans to find a real and balanced solution that ensures America can both avert our fiscal cliff and confront our debt crisis.  What the White House did today is disturbingly reminiscent of how it conducted itself during congressional consideration of ObamaCare - telling groups that they better back the White House - or else.  Bullying isn't leading. These kind of intimidation tactics are unacceptable, and they need to stop now."

NOTE:  The President included a cap on deductions on page 39 of his budget proposal that can be found HERE.  As further evidence of the President's cap proposal, see this Washington Post story:  Obama Defends Push to Cut Tax Deductions for Charitable Gifts that can be found HERE.

###

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
08:43p CLEAN CITIES : DOE Announces $13.4 Million Investment in Community-based Advanced Transportation Projects
08:43p OECS ORGANISATION OF EASTERN CARIBBEAN STATES : Competitive Business Unit celebrates success of Viking brand
08:38p B20 COALITION : CII President pledges partnership for India@75
08:38p HALIFAX REGIONAL MUNICIPALITY : Bedford Area Water Service Interruption
08:36p China urges U.S. to fix 'mistake' of sanctioning firms over North Korea
08:36p U.S. targets Chinese, Russia entities for helping North Korea
08:36p U.S. Justice Department seeks $11 million forfeiture from firms with ties to North Korea
08:36p U.S. targets Chinese, Russia entities for helping North Korea
08:33p AMERICAN HONDA MOTOR : 2018 Honda FourTrax Foreman 4x4 Features & Benefits
08:33p AMERICAN HONDA MOTOR : 2018 Honda FourTrax Rancher Features & Benefits
Latest news "Economy & Forex"
Advertisement